On March 28, US Senator Ted Cruz introduced a bill to ban the Federal Reserve from issuing central bank digital currencies (CBDCs). The Texas Republican senator's bill could be seen as a companion bill to the anti-CBDC legislation of Representative Tom Emmer, a Minnesota Republican. Emmer's bill was reintroduced on March 6. A companion bill is legislation that is similar or identical in text to another bill and introduced in another chamber of Congress.