The Mission
The Council for Education, a 501(c)3 public interest law firm, I.R.S. Rev. Proc. 92-59, 1992-2 C.B. 411, operates as a self-regulatory body under the Cross Border Monetary Arbitrage Scheme™ (CBMAS), auditing and litigating the operations of the New Bank Committee™ (NBC) for the public interest.
A Tax Exempt Organization
We are a registered 501(c)3 tax-exempt organization with the IRS (EIN: 82-3295336).
Our Client
The International Committee of Fiat Currency (ICoFC) is an international self-regulatory organization.
New Bank Committee
The Council for Education, a nonprofit organization, is preparing a bank operating agreement for its for-profit entity, the New Bank Committee™ (NBC), to submit for a Federal Reserve Bank Master Account. Once accepted, this agreement will enable NBC to operate as a national bank under federal regulations, including compliance with the Central Bank Digital Currency (CBDC) framework. By integrating CBDC under the Cross Border Monetary Arbitrage Scheme™ (CBMAS), NBC aims to enhance financial transparency, efficiency, and systemic stability while adhering to the Federal Reserve's guidelines.
U.S. Department of Education (eZ-Audit)
On June 19, 2023, the Council for Education filed an opposition in the Federal Register in opposition to the US Department of Education's eZ-Audit Electronic Submission System did not effectively encourage institutions to fully report covered gifts and contracts from foreign sources.