Anti-CBDC Surveillance State Act
USA119th CongressHR-1919| House
| Updated: 7/17/2025
Tom Emmer
Republican Representative
Minnesota
Cosponsors (135)
Dusty Johnson (Republican)Diana Harshbarger (Republican)Paul A. Gosar (Republican)Chip Roy (Republican)Barry Moore (Republican)Adrian Smith (Republican)Clay Higgins (Republican)Ryan K. Zinke (Republican)Tom Cole (Republican)Frank D. Lucas (Republican)Trent Kelly (Republican)John R. Carter (Republican)Marjorie Taylor Greene (Republican)Guy Reschenthaler (Republican)Richard McCormick (Republican)Ashley Hinson (Republican)Jeff Crank (Republican)Brett Guthrie (Republican)Steve Womack (Republican)Gregory F. Murphy (Republican)Warren Davidson (Republican)Jefferson Van Drew (Republican)David J. Taylor (Republican)Scott Franklin (Republican)Elijah Crane (Republican)Thomas P. Tiffany (Republican)Robert J. Wittman (Republican)Darin LaHood (Republican)Lance Gooden (Republican)Zachary Nunn (Republican)Mike Collins (Republican)Mike Ezell (Republican)Michael Baumgartner (Republican)Mike Carey (Republican)Stephanie I. Bice (Republican)Claudia Tenney (Republican)Beth Van Duyne (Republican)Aaron Bean (Republican)Andrew Ogles (Republican)Derek Schmidt (Republican)Young Kim (Republican)William R. Timmons (Republican)Pete Sessions (Republican)David Rouzer (Republican)Andy Biggs (Republican)Brandon Gill (Republican)Andrew R. Garbarino (Republican)Nathaniel Moran (Republican)Michael A. Rulli (Republican)Brian Jack (Republican)J. French Hill (Republican)Scott Perry (Republican)Rudy Yakym (Republican)Maria Elvira Salazar (Republican)Thomas H. Kean (Republican)Barry Loudermilk (Republican)Gus M. Bilirakis (Republican)Anna Paulina Luna (Republican)Ronny Jackson (Republican)Daniel Meuser (Republican)Don Bacon (Republican)Andy Barr (Republican)James R. Baird (Republican)Darrell Issa (Republican)Mike Flood (Republican)Jake Ellzey (Republican)Ann Wagner (Republican)Mike Kelly (Republican)Nancy Mace (Republican)Mike D. Rogers (Republican)Richard Hudson (Republican)Roger Williams (Republican)Mike Kennedy (Republican)Kat Cammack (Republican)Brad Finstad (Republican)Cliff Bentz (Republican)Glenn Grothman (Republican)Nicholas A. Langworthy (Republican)Troy E. Nehls (Republican)W. Gregory Steube (Republican)John R. Moolenaar (Republican)John H. Rutherford (Republican)Mark B. Messmer (Republican)Charles J. "Chuck" Fleischmann (Republican)Austin Scott (Republican)Scott Fitzgerald (Republican)Harriet M. Hageman (Republican)Michael Cloud (Republican)Mark E. Green (Republican)August Pfluger (Republican)Mike Haridopolos (Republican)Nicholas J. Begich (Republican)Byron Donalds (Republican)Michael T. McCaul (Republican)Julia Letlow (Republican)Mark E. Amodei (Republican)Troy Downing (Republican)Mary E. Miller (Republican)Sam Graves (Republican)Mike Bost (Republican)Pete Stauber (Republican)David G. Valadao (Republican)Addison P. McDowell (Republican)John W. Rose (Republican)Derrick Van Orden (Republican)Dan Crenshaw (Republican)Bill Huizenga (Republican)Randy Feenstra (Republican)Juan Ciscomani (Republican)Kevin Kiley (Independent)Robert E. Latta (Republican)Marlin A. Stutzman (Republican)John J. McGuire (Republican)Kevin Hern (Republican)Burgess Owens (Republican)Randy K. Sr. Weber (Republican)Monica De La Cruz (Republican)Ben Cline (Republican)Chuck Edwards (Republican)Michael Lawler (Republican)Ralph Norman (Republican)Robert P. Bresnahan (Republican)Erin Houchin (Republican)Andrew S. Clyde (Republican)Josh Brecheen (Republican)Jack Bergman (Republican)Tracey Mann (Republican)Ryan Mackenzie (Republican)Michelle Fischbach (Republican)Troy Balderson (Republican)Brian Babin (Republican)Tim Moore (Republican)Bryan Steil (Republican)Michael Guest (Republican)Craig A. Goldman (Republican)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill amends the Federal Reserve Act to significantly restrict the Federal Reserve's involvement with individual financial services and central bank digital currencies (CBDCs). It explicitly prohibits Federal Reserve banks from offering financial products or services directly to individuals, including maintaining individual accounts, thereby preventing the Federal Reserve from becoming a direct retail bank. The legislation establishes a comprehensive ban on the Federal Reserve's engagement with CBDCs, forbidding Federal Reserve banks from directly or indirectly issuing such a currency to individuals. It further prohibits the Board of Governors of the Federal Reserve System from testing, developing, or implementing a CBDC, or using one for monetary policy purposes. An exception is made for dollar-denominated currencies that are open, permissionless, private, and preserve existing privacy protections, while also asserting that the Federal Reserve System currently lacks the authority to issue a central bank digital currency without explicit Congressional approval.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22.
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.
Placed on the Union Calendar, Calendar No. 66.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-92.
Rules Committee Resolution H. Res. 580 Reported to House. Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.
Considered under the provisions of rule H. Res. 580. (consideration: CR H3427-3434)
Considered under the provisions of rule H. Res. 580.
Considered under the provisions of rule H. Res. 580. (consideration: CR H3427-3434: 1)
Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.
DEBATE - The House proceeded with one hour of debate on H.R. 1919.
The previous question was ordered pursuant to the rule.
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 1919, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Considered as unfinished business. (consideration: CR H3450: 1)
Considered as unfinished business.
Considered as unfinished business. (consideration: CR H3450)
On passage Passed by the Yeas and Nays: 219 - 210 (Roll no. 201). (text of amendment in the nature of a substitute: CR H3427-3428)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Finance and Financial Sector
Bank accounts, deposits, capitalComputers and information technologyCurrencyDigital mediaFinancial services and investments
Anti-CBDC Surveillance State Act
USA119th CongressHR-1919| House
| Updated: 7/17/2025
This bill amends the Federal Reserve Act to significantly restrict the Federal Reserve's involvement with individual financial services and central bank digital currencies (CBDCs). It explicitly prohibits Federal Reserve banks from offering financial products or services directly to individuals, including maintaining individual accounts, thereby preventing the Federal Reserve from becoming a direct retail bank. The legislation establishes a comprehensive ban on the Federal Reserve's engagement with CBDCs, forbidding Federal Reserve banks from directly or indirectly issuing such a currency to individuals. It further prohibits the Board of Governors of the Federal Reserve System from testing, developing, or implementing a CBDC, or using one for monetary policy purposes. An exception is made for dollar-denominated currencies that are open, permissionless, private, and preserve existing privacy protections, while also asserting that the Federal Reserve System currently lacks the authority to issue a central bank digital currency without explicit Congressional approval.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22.
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.
Placed on the Union Calendar, Calendar No. 66.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-92.
Rules Committee Resolution H. Res. 580 Reported to House. Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.
Considered under the provisions of rule H. Res. 580. (consideration: CR H3427-3434)
Considered under the provisions of rule H. Res. 580.
Considered under the provisions of rule H. Res. 580. (consideration: CR H3427-3434: 1)
Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.
DEBATE - The House proceeded with one hour of debate on H.R. 1919.
The previous question was ordered pursuant to the rule.
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 1919, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Considered as unfinished business. (consideration: CR H3450: 1)
Considered as unfinished business.
Considered as unfinished business. (consideration: CR H3450)
On passage Passed by the Yeas and Nays: 219 - 210 (Roll no. 201). (text of amendment in the nature of a substitute: CR H3427-3428)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Tom Emmer
Republican Representative
Minnesota
Cosponsors (135)
Dusty Johnson (Republican)Diana Harshbarger (Republican)Paul A. Gosar (Republican)Chip Roy (Republican)Barry Moore (Republican)Adrian Smith (Republican)Clay Higgins (Republican)Ryan K. Zinke (Republican)Tom Cole (Republican)Frank D. Lucas (Republican)Trent Kelly (Republican)John R. Carter (Republican)Marjorie Taylor Greene (Republican)Guy Reschenthaler (Republican)Richard McCormick (Republican)Ashley Hinson (Republican)Jeff Crank (Republican)Brett Guthrie (Republican)Steve Womack (Republican)Gregory F. Murphy (Republican)Warren Davidson (Republican)Jefferson Van Drew (Republican)David J. Taylor (Republican)Scott Franklin (Republican)Elijah Crane (Republican)Thomas P. Tiffany (Republican)Robert J. Wittman (Republican)Darin LaHood (Republican)Lance Gooden (Republican)Zachary Nunn (Republican)Mike Collins (Republican)Mike Ezell (Republican)Michael Baumgartner (Republican)Mike Carey (Republican)Stephanie I. Bice (Republican)Claudia Tenney (Republican)Beth Van Duyne (Republican)Aaron Bean (Republican)Andrew Ogles (Republican)Derek Schmidt (Republican)Young Kim (Republican)William R. Timmons (Republican)Pete Sessions (Republican)David Rouzer (Republican)Andy Biggs (Republican)Brandon Gill (Republican)Andrew R. Garbarino (Republican)Nathaniel Moran (Republican)Michael A. Rulli (Republican)Brian Jack (Republican)J. French Hill (Republican)Scott Perry (Republican)Rudy Yakym (Republican)Maria Elvira Salazar (Republican)Thomas H. Kean (Republican)Barry Loudermilk (Republican)Gus M. Bilirakis (Republican)Anna Paulina Luna (Republican)Ronny Jackson (Republican)Daniel Meuser (Republican)Don Bacon (Republican)Andy Barr (Republican)James R. Baird (Republican)Darrell Issa (Republican)Mike Flood (Republican)Jake Ellzey (Republican)Ann Wagner (Republican)Mike Kelly (Republican)Nancy Mace (Republican)Mike D. Rogers (Republican)Richard Hudson (Republican)Roger Williams (Republican)Mike Kennedy (Republican)Kat Cammack (Republican)Brad Finstad (Republican)Cliff Bentz (Republican)Glenn Grothman (Republican)Nicholas A. Langworthy (Republican)Troy E. Nehls (Republican)W. Gregory Steube (Republican)John R. Moolenaar (Republican)John H. Rutherford (Republican)Mark B. Messmer (Republican)Charles J. "Chuck" Fleischmann (Republican)Austin Scott (Republican)Scott Fitzgerald (Republican)Harriet M. Hageman (Republican)Michael Cloud (Republican)Mark E. Green (Republican)August Pfluger (Republican)Mike Haridopolos (Republican)Nicholas J. Begich (Republican)Byron Donalds (Republican)Michael T. McCaul (Republican)Julia Letlow (Republican)Mark E. Amodei (Republican)Troy Downing (Republican)Mary E. Miller (Republican)Sam Graves (Republican)Mike Bost (Republican)Pete Stauber (Republican)David G. Valadao (Republican)Addison P. McDowell (Republican)John W. Rose (Republican)Derrick Van Orden (Republican)Dan Crenshaw (Republican)Bill Huizenga (Republican)Randy Feenstra (Republican)Juan Ciscomani (Republican)Kevin Kiley (Independent)Robert E. Latta (Republican)Marlin A. Stutzman (Republican)John J. McGuire (Republican)Kevin Hern (Republican)Burgess Owens (Republican)Randy K. Sr. Weber (Republican)Monica De La Cruz (Republican)Ben Cline (Republican)Chuck Edwards (Republican)Michael Lawler (Republican)Ralph Norman (Republican)Robert P. Bresnahan (Republican)Erin Houchin (Republican)Andrew S. Clyde (Republican)Josh Brecheen (Republican)Jack Bergman (Republican)Tracey Mann (Republican)Ryan Mackenzie (Republican)Michelle Fischbach (Republican)Troy Balderson (Republican)Brian Babin (Republican)Tim Moore (Republican)Bryan Steil (Republican)Michael Guest (Republican)Craig A. Goldman (Republican)
Financial Services Committee
Finance and Financial Sector
Related Bills
- S 119-1124: Anti-CBDC Surveillance State Act
- HRES 119-580: Providing for consideration of the bill (H.R. 4016) making appropriations for the Department of Defense for the fiscal year ending September 30, 2026, and for other purposes; providing for consideration of the bill (H.R. 3633) to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes; providing for consideration of the bill (H.R. 1919) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; providing for consideration of the bill (S. 1582) to provide for the regulation of payment stablecoins, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalComputers and information technologyCurrencyDigital mediaFinancial services and investments