nancial institutions, non-bank payment 
providers aimed at promoting financial in-
clusion, technology-focused financial firms 
and companies, financial technology com-
panies, or foreign central banks; and 
(ii) through, or in partnership with, 
any existing Federal, State, or local gov-
ernment fund disbursement and payments 
program, including those that rely on the 
U.S. Debit Card and Digital Pay Program, 
the EagleCash Card program, or any other 
payments technology offered by or in part-
nership with the Bureau of the Fiscal 
Service of the Department of the Treasury. 
(C) FIELD TEST PILOTS.—Field Test Pi-
lots may be conducted in partnership with any 
entity capable of partnering for a Proof-of-Con-
cept Pilot, as well as other departments, 
branches, agencies, and instrumentalities of the 
United States Government, or State, local, and 
foreign governments and international regu-
latory bodies. 
(3) OBJECTIVES.—The objectives of the pilot 
programs are to test the viability and capacity of 
various forms of e-cash technologies to— 
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(A) preserve the privacy, anonymity-re-
specting, and minimal transactional data-gener-
ating properties of physical currency instru-
ments such as coins and notes to the greatest 
extent technically and practically possible; 
(B) enforce total balance and transactional 
activity limits on a per-device basis without ren-
dering such devices vulnerable to surveillance or 
censorship by third parties including the United 
States Government; 
(C) deploy rapidly, securely, and efficiently 
on a mass scale; and 
(D) maintain ease of use and interoper-
ability with existing financial institution and 
payment provider systems, as well as any other 
digital dollar products. 
(4) PARAMETERS AND CONSTRAINTS.— 
(A) All technologies selected for Proof-of- 
Concept Pilots and Field Test Pilots shall be— 
(i) designed as bearer instruments; 
(ii) capable of instantaneous, final, di-
rect, peer-to-peer, offline transactions; and 
(iii) capable of being distributed di-
rectly to, and owned, held, and used di-
rectly by, the general public. 
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(B) At least two technologies selected for 
Proof-of-Concept Pilots shall be based on se-
cured hardware-based architectures for the pur-
poses of creation, distribution, holding, and 
payment that do not involve any common or 
distributed ledger. 
(C) At least one technology selected for 
Proof-of-Concept Pilots shall include a stored- 
value or pin card option for storage and pay-
ment of e-cash. 
(D) At least one technology selected for 
Proof-of-Concept Pilots shall include a cell 
phone or SIM card option for storage and pay-
ment of e-cash. 
(E) All technologies selected for Field Test 
Pilots shall have or at a minimum be capable 
of incorporating stored-value card functionality. 
(5) SPECIAL TENDER AUTHORITY.—In order to 
facilitate and promote the effectiveness of the pilot 
programs, the Secretary may grant special recogni-
tion of prototypical e-cash instruments issued under 
a pilot program as legal tender, and direct the 
Board of Governors of the Federal Reserve System, 
other departments, branches, agencies, and instru-
mentalities of the United States Government, any 
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other federally regulated financial institution to ac-
cept such prototypical e-cash instruments in settle-
ment of outstanding obligations on an at-par basis. 
(6) REPORTING.—Not later than 180 days after 
the date on which each phase of the pilot programs 
terminates, the Secretary shall submit to Congress a 
report regarding that phase of the pilot programs, 
which shall— 
(A) include— 
(i) a description of which elements of 
the pilot programs were successful and 
which were unsuccessful; 
(ii) recommendations regarding legis-
lative changes to the pilot programs and 
related authority under this Act and else-
where; and 
(iii) recommendations for additional 
pilots and revisions to the pilot program; 
and 
(B) make the nonsensitive analytical data 
available for public review and comment. 
SEC. 5. DIGITAL DOLLAR COUNCIL. 
(a) IN GENERAL.—The Secretary shall establish the 
Digital Dollar Council (in this section referred to as ‘‘the 
Council’’) to coordinate the Secretary’s ECIP-related ac-
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tivities with the efforts of other bureaus of the Depart-
ment of the Treasury and other departments, branches, 
agencies, and instrumentalities of the United States Gov-
ernment, including the Board of Governors of the Federal 
Reserve System and the United States Postal Service. 
(b) MEMBERSHIP.—The Council shall be comprised 
of the Secretary, the Director of ECIP, the Chairman of 
the Board of Governors of the Federal Reserve System, 
the Postmaster General of the United States Postal Serv-
ice, the Director of the Office of Science and Technology 
Policy, the Chief Technology Officer of the United States, 
and the Director of the National Institute of Standards 
and Technology, and any other Federal employees or rep-
resentatives of Federal agencies as the Secretary, in the 
Secretary’s discretion, determines to be appropriate. 
(c) LEADERSHIP.—The head of the Council shall be 
the Secretary, however, the Secretary may, at the Sec-
retary’s discretion, delegate administrative and decision- 
making responsibility to the Director. 
(d) AUTHORITY.—The Council shall have the power 
to redeploy personnel and resources among the various 
participating agencies, as well as establish or amend any 
rules and regulations promulgated by any participating 
agencies to the extent the Council determines such actions 
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