CBDC Anti-Surveillance State Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jun 3, 2024

This bill prohibits Federal Reserve banks from offering products or services directly to individuals or maintaining accounts for individuals. It also prohibits the issuance of a central bank digital currency (digital dollar) to individuals, whether directly or indirectly. Additionally, the bill prohibits the Board of Governors of the Federal Reserve System from using a central bank digital currency to implement monetary policy or from issuing a central bank digital currency.

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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.