HB1919: Anti-CBDC Surveillance State Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
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.
Plain-language summary
This bill would change federal law to prevent the Federal Reserve from offering banking products or services directly to individual people. It also would prohibit using a central bank digital currency—a digital form of money issued by the Federal Reserve—to carry out monetary policy decisions. A central bank digital currency is a new form of money that would exist only in electronic form. The bill was introduced in the House but has not yet moved through for debate or votes.
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HB1919: Anti-CBDC Surveillance State Act
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Sponsors
Tom Emmer
Primary SponsorCo-sponsors (135)
French Hill
John Moolenaar
Richard Hudson
Andrew Ogles
Mike Bost