H.R. 1919
Anti-CBDC Surveillance State Act
Sponsor: Tom Emmer
135 cosponsors
- Michael A. Rulli
- W. Gregory Steube
- Aaron Bean
- Addison P. McDowell
- Adrian Smith
- Andrew Ogles
- Andrew R. Garbarino
- Andrew S. Clyde
- Andy Barr
- Andy Biggs
- Ann Wagner
- Anna Paulina Luna
- Ashley Hinson
- Barry Loudermilk
- Beth Van Duyne
- Bill Huizenga
- Brad Finstad
- Brandon Gill
- Bryan Steil
- Burgess Owens
- Byron Donalds
- Charles J. "Chuck" Fleischmann
- Chip Roy
- Claudia Tenney
- Clay Higgins
- Dan Crenshaw
- Daniel Meuser
- Darrell Issa
- David G. Valadao
- David J. Taylor
- David Rouzer
- Derek Schmidt
- Diana Harshbarger
- Don Bacon
- Dusty Johnson
- Elijah Crane
- Erin Houchin
- Frank D. Lucas
- Glenn Grothman
- Gregory F. Murphy
- Guy Reschenthaler
- Harriet M. Hageman
- J. French Hill
- Jack Bergman
- Jake Ellzey
- James R. Baird
- Jeff Crank
- Jefferson Van Drew
- John H. Rutherford
- John R. Carter
- John R. Moolenaar
- John W. Rose
- Josh Brecheen
- Juan Ciscomani
- Kat Cammack
- Kevin Kiley
- Lance Gooden
- Maria Elvira Salazar
- Marjorie Taylor Greene
- Mark B. Messmer
- Mark E. Amodei
- Michael Baumgartner
- Michael Cloud
- Michael Guest
- Michael Lawler
- Michael T. McCaul
- Michelle Fischbach
- Mike Bost
- Mike Carey
- Mike Collins
- Mike Flood
- Mike Haridopolos
- Mike Kelly
- Mike Rogers
- Monica De La Cruz
- Nancy Mace
- Nicholas A. Langworthy
- Paul A. Gosar
- Pete Sessions
- Ralph Norman
- Randy K. Weber, Sr.
- Richard Hudson
- Richard McCormick
- Robert E. Latta
- Robert J. Wittman
- Roger Williams
- Ryan K. Zinke
- Ryan Mackenzie
- Sam Graves
- Scott Fitzgerald
- Scott Franklin
- Scott Perry
- Stephanie I. Bice
- Thomas P. Tiffany
- Tim Moore
- Trent Kelly
- Troy Balderson
- Troy Downing
- Warren Davidson
- William R. Timmons IV
- Young Kim
- Zachary Nunn
- August Pfluger
- Mark E. Green
- Barry Moore
- Cliff Bentz
- Craig A. Goldman
- Julia Letlow
- Mike Ezell
- Tom Cole
- Darin LaHood
- Randy Feenstra
- Ronny Jackson
- Tracey Mann
- Austin Scott
- Brian Babin
- Brian Jack
- Chuck Edwards
- Derrick Van Orden
- Gus M. Bilirakis
- John J. McGuire III
- Kevin Hern
- Marlin A. Stutzman
- Mary E. Miller
- Mike Kennedy
- Nicholas J. Begich III
- Pete Stauber
- Robert P. Bresnahan, Jr.
- Steve Womack
- Thomas H. Kean, Jr.
- Troy E. Nehls
- Ben Cline
- Brett Guthrie
- Nathaniel Moran
- Rudy Yakym III
Official summary
Written by the Congressional Research Service.
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.
Text of the bill
Where this section came from
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Mar 6, 2025 · Introduced in House Referred to House Committee on Financial Services, Mar 6, 2025
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May 6, 2025 · Reported in House Marked up by House Committee on Financial Services, Apr 2, 2025 Reported by House Committee on Financial Services, May 6, 2025 Committee members' individual votes aren't in our records.
Section 16 of the Federal Reserve Act (12 U.S.C. 411 et seq.) is amended by adding at the end the following new paragraph:
… 3 unchanged passages …
(i) offer financial products or services directly to an individual;
… 4 unchanged passages …
What is a markup?
A markup is a committee meeting where members go through a bill and vote on changes before sending it to the full chamber.
Section 16 of the Federal Reserve Act (12 U.S.C. 411 et seq.) is amended by adding at the end the following new paragraph:
(18)
(A) A Federal reserve bank may not—
(i) offer financial products or services directly to an individual;
(ii) maintain an account on behalf of an individual; or
(iii) issue a central bank digital currency, or any digital asset that is substantially similar under any other name or label.
(B) In this paragraph, the term central bank digital currency has the meaning given that term under section 10(11)(D).