Bill Tracker / 118th Congress / H.R. 5403
H.R. 5403 · 118th Congress
CBDC Anti-Surveillance State Act
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — 06/03/2024
What This Bill Does
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.
Summary as of 05/07/2024, via Congress.gov / Congressional Research Service.