House conservatives pushed back on an emerging bipartisan Senate plan to renew an expiring US spy powers tool over frustration with the length of a ban on a central bank digital currency, a policy measure hardliners have demanded be included to earn their support.
Several members of the conservative House Freedom Caucus and their allies told Bloomberg Government they want a permanent ban of a CBDC in any deal to reauthorize Section 702 of the Foreign Intelligence Surveillance Act, rather than the three-year ban that’s part of the plan circulating in the Senate that has not yet been publicly released. ...