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.