While it can be studied now, I suspect Congress will need the 1913 enabling law (which gave authority to private contracting company known as 'federal reserve')

While it can be studied now, I suspect Congress will need the 1913 enabling law (which gave authority to private contracting company known as 'federal reserve') authority to directly hold consumer funds. It's not necessary as it can be done with existing consumer banking. Their idea is to remove bearer money - cash and coin. And then make barter more cumbersome.