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CBDC Anti-Surveillance State Act

USA118th CongressHR-1122| House 
| Updated: 2/21/2023
Tom Emmer

Tom Emmer

Republican Representative

Minnesota

Cosponsors (46)
Paul A. Gosar (Republican)Marjorie Taylor Greene (Republican)Jake LaTurner (Republican)Guy Reschenthaler (Republican)Warren Davidson (Republican)Jefferson Van Drew (Republican)Scott Franklin (Republican)Keith Self (Republican)Young Kim (Republican)William R. Timmons (Republican)Pete Sessions (Republican)David Rouzer (Republican)Andy Biggs (Republican)Jeff Duncan (Republican)J. French Hill (Republican)Rudy Yakym (Republican)Thomas H. Kean (Republican)Barry Loudermilk (Republican)Anna Paulina Luna (Republican)Ronny Jackson (Republican)Daniel Meuser (Republican)Don Bacon (Republican)Christopher H. Smith (Republican)Mike Flood (Republican)Pat Fallon (Republican)Nancy Mace (Republican)Mike D. Rogers (Republican)Glenn Grothman (Republican)Austin Scott (Republican)Scott Fitzgerald (Republican)Michael Cloud (Republican)August Pfluger (Republican)Byron Donalds (Republican)Julia Letlow (Republican)Mary E. Miller (Republican)Mike Bost (Republican)David G. Valadao (Republican)Debbie Lesko (Republican)Kevin Kiley (Republican)Kevin Hern (Republican)Bill Posey (Republican)Randy K. Sr. Weber (Republican)Ralph Norman (Republican)Josh Brecheen (Republican)Cory Mills (Republican)Bryan Steil (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CBDC Anti-Surveillance State Act This bill limits the ability of the Federal Reserve to (1) provide direct services to individuals, and (2) use a central bank digital currency. A central bank digital currency is a digital currency (e.g., Bitcoin or Ether) issued by a government-backed central bank. Specifically, the bill prohibits the Federal Reserve and the Federal Open Market Committee from using any central bank digital currency to implement monetary policy. In addition, a Federal Reserve bank is prohibited from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency directly to an individual. The Federal Reserve must (1) consult with each Federal Reserve bank with respect to any central bank digital currency study or pilot program, and (2) issue quarterly reports on the findings and determinations of any such study or program.
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Timeline
Feb 21, 2023
Introduced in House
Feb 21, 2023
Referred to the House Committee on Financial Services.
Feb 26, 2024

Latest Companion Bill Action

S 118-3801
Introduced in Senate
  • February 21, 2023
    Introduced in House


  • February 21, 2023
    Referred to the House Committee on Financial Services.


  • February 26, 2024

    Latest Companion Bill Action

    S 118-3801
    Introduced in Senate

Finance and Financial Sector

Related Bills

  • S 118-887: A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.

CBDC Anti-Surveillance State Act

USA118th CongressHR-1122| House 
| Updated: 2/21/2023
CBDC Anti-Surveillance State Act This bill limits the ability of the Federal Reserve to (1) provide direct services to individuals, and (2) use a central bank digital currency. A central bank digital currency is a digital currency (e.g., Bitcoin or Ether) issued by a government-backed central bank. Specifically, the bill prohibits the Federal Reserve and the Federal Open Market Committee from using any central bank digital currency to implement monetary policy. In addition, a Federal Reserve bank is prohibited from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency directly to an individual. The Federal Reserve must (1) consult with each Federal Reserve bank with respect to any central bank digital currency study or pilot program, and (2) issue quarterly reports on the findings and determinations of any such study or program.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 21, 2023
Introduced in House
Feb 21, 2023
Referred to the House Committee on Financial Services.
Feb 26, 2024

Latest Companion Bill Action

S 118-3801
Introduced in Senate
  • February 21, 2023
    Introduced in House


  • February 21, 2023
    Referred to the House Committee on Financial Services.


  • February 26, 2024

    Latest Companion Bill Action

    S 118-3801
    Introduced in Senate
Tom Emmer

Tom Emmer

Republican Representative

Minnesota

Cosponsors (46)
Paul A. Gosar (Republican)Marjorie Taylor Greene (Republican)Jake LaTurner (Republican)Guy Reschenthaler (Republican)Warren Davidson (Republican)Jefferson Van Drew (Republican)Scott Franklin (Republican)Keith Self (Republican)Young Kim (Republican)William R. Timmons (Republican)Pete Sessions (Republican)David Rouzer (Republican)Andy Biggs (Republican)Jeff Duncan (Republican)J. French Hill (Republican)Rudy Yakym (Republican)Thomas H. Kean (Republican)Barry Loudermilk (Republican)Anna Paulina Luna (Republican)Ronny Jackson (Republican)Daniel Meuser (Republican)Don Bacon (Republican)Christopher H. Smith (Republican)Mike Flood (Republican)Pat Fallon (Republican)Nancy Mace (Republican)Mike D. Rogers (Republican)Glenn Grothman (Republican)Austin Scott (Republican)Scott Fitzgerald (Republican)Michael Cloud (Republican)August Pfluger (Republican)Byron Donalds (Republican)Julia Letlow (Republican)Mary E. Miller (Republican)Mike Bost (Republican)David G. Valadao (Republican)Debbie Lesko (Republican)Kevin Kiley (Republican)Kevin Hern (Republican)Bill Posey (Republican)Randy K. Sr. Weber (Republican)Ralph Norman (Republican)Josh Brecheen (Republican)Cory Mills (Republican)Bryan Steil (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 118-887: A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted