S 1124 119th Congress

Anti-CBDC Surveillance State Act

Latest Action

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

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Sponsors

Summary

Anti-CBDC 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). 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.

Actions

2025-03-25T00:00:00

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

2025-03-25T00:00:00

Introduced in Senate

Policy Areas

Finance and Financial Sector

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