SB330 Alabama 2023 Session

Summary

Primary Sponsor

Dan RobertsSenator

Republican

Session

Regular Session 2023

Title

Relating to Central Bank Digital Currency; to prohibit governmental agencies from using this type of currency as payment and from participating in testing the use of this currency by the Federal Reserve.

Summary

SB330 bans Alabama state and local government agencies from accepting central bank digital currency as payment and from participating in CBDC testing by Federal Reserve branches.

What This Bill Does

It prevents any state or local government agency in Alabama from accepting CBDC payments. It also bars government agencies from taking part in any CBDC testing conducted by Federal Reserve branches. The bill defines CBDC and what counts as a governmental agency, and it becomes effective on the first day of the third month after passage and governor approval.

Who It Affects

• State and local governmental agencies in Alabama, who are not allowed to accept CBDC payments or participate in CBDC testing.
• Residents and businesses in Alabama who might otherwise use CBDC to pay government fees or charges, since agencies cannot accept CBDC payments.

Key Provisions

• Defines CBDC as a digital currency or monetary unit issued or processed directly by the Federal Reserve System, a federal agency, or the World Bank and made available to consumers.
• Prohibits governmental agencies from accepting CBDC as payment.
• Prohibits governmental agencies from participating in CBDC testing by any Federal Reserve branch.
• Sets the law to take effect on the first day of the third month after passage and governor approval.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Currency; Central Bank Digital Currency prohibited for use in the state by government agencies