Both Speaker Pelosi’s ‘Take Responsibility for Workers and Families Act’ as well as the ‘Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321),’ introduced by Chairwoman Maxine Waters of Financial Services Committee, introduced these concepts today as a means of delivering the stimulus that is economic to U.S. citizens.

U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks outside of her office on Capitol … [+] Hill in Washington, D.C., U.S., on March 23, 2020. Pelosi said House Democrats will introduce their version of the stimulus package to respond to the coronavirus, offering an alternative to the bill currently under discussion in the Senate monday. Photographer: Andrew Harnik/AP Photo/Bloomberg

The bill establishes a dollar that is digital which it defines as ‘a balance expressed being a dollar value composed of digital ledger entries which are recorded as liabilities within the accounts of any Federal Reserve Bank or … a digital unit of value, redeemable by the eligible standard bank (as based on the Board of Governors of this Federal Reserve System).’ Additionally, a digital dollar wallet is defined as ‘a digital wallet or account, maintained by way of a Federal reserve bank with respect to any person, that represents holdings in a digital camera or service which is used to store digital dollars which may be associated with an electronic or physical identity.’