HR 5403 - CBDC Anti-Surveillance State Act - National Key Vote

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Title: CBDC Anti-Surveillance State Act

Vote Smart's Synopsis:

Vote to pass a bill that 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.

Highlights:

  • 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 (Sec. 2-6).

  • Specifies that 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 (Sec. 2-6).

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