S. 3801 · 118th Congress
CBDC Anti-Surveillance State Act
- Stage
- In committee
- Sponsor
- Ted Cruz
- Introduced
- 2024-02-26
- Latest action
- 2024-02-26 · Introduced in Senate
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.