H.R. 5403 · 118th Congress
CBDC Anti-Surveillance State Act
- Stage
- Passed a chamber
- Sponsor
- Tom Emmer
- Introduced
- 2023-09-12
- Latest action
- 2024-06-03 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
CBDC Anti-Surveillance State Act
This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar) directly or indirectly to an individual. Further, The Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from issuing a central bank digital currency.