Passing the “Anti-CBDC Surveillance State Act” (HR 1919)

The bill

Anti-CBDC Surveillance State Act

Topic: Finance and Financial Sector

What the bill does

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). 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 testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.

Source: Congressional Research Service summary

Bill on congress.gov(opens in a new tab)