What does Preamble of Anti-CBDC Surveillance State Act do?

This bill amends the Federal Reserve Act. It prohibits Federal Reserve banks from offering certain products or services directly to an individual. The bill prohibits the use of central bank digital currency for monetary policy.

What does SHORT TITLE. of Anti-CBDC Surveillance State Act do?

This bill is formally titled the Anti-CBDC Surveillance State Act

What does PROHIBITION ON FEDERAL RESERVE BANKS RELATING TO CERTAIN of Anti-CBDC Surveillance State Act do?

This section amends the Federal Reserve Act Federal reserve banks are prohibited from offering financial products or services directly to individuals Federal reserve banks are prohibited from maintaining accounts on behalf of individuals Federal reserve banks are prohibited from issuing a central bank digital currency

What does PROHIBITION ON FEDERAL RESERVE BANKS INDIRECTLY ISSUING A of Anti-CBDC Surveillance State Act do?

This section amends the Federal Reserve Act to prohibit Federal Reserve banks from indirectly offering a central bank digital currency (CBDC) to individuals. The prohibition extends to any digital asset substantially similar to a CBDC, regardless of its name or label. The prohibition applies to offerings made through financial institutions or other intermediaries. The term 'central bank digital currency' is defined as having the meaning given in section 10(11)(D).

What does PROHIBITION WITH RESPECT TO CENTRAL BANK DIGITAL CURRENCY. of Anti-CBDC Surveillance State Act do?

This section amends the Federal Reserve Act to prohibit the Board of Governors from testing or implementing a central bank digital currency. The prohibition also applies to the use of central bank digital currency in monetary policy. An exception is made for dollar-denominated currency that is open, permissionless, and private, and preserves privacy protections of US coins and physical currency.

What does SENSE OF CONGRESS. of Anti-CBDC Surveillance State Act do?

This section expresses the sense of Congress that the Board of Governors of the Federal Reserve System lacks the authority to issue a central bank digital currency (CBDC) or similar digital assets. Congress asserts that the Federal Reserve will not have such authority unless explicitly granted by Congress under its Article 1 Section 8 powers. The bill, formally titled '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,' was passed by the House of Representatives on July 17, 2025.

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Anti-CBDC Surveillance State Act

Last updated: 7/17/2025 · Introduced: 3/6/2025

Author: Tom Emmer (R-MN)

TL;DR (AI)

This bill prohibits the Federal Reserve banks from directly or indirectly offering central bank digital currency (CBDC) or similar digital assets to individuals.
The bill prevents the Federal Reserve from testing or implementing a CBDC, except for dollar-denominated currency that is open, permissionless, private, and preserves privacy protections.
Congress asserts that the Federal Reserve lacks the authority to issue a CBDC unless explicitly granted by Congress.

119th Congresspassed houseS. 1318(Passed Both Chambers)Official page

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Other Sections

Includes provisions on preamble, short title., and 4 more.

6 sections

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