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Prohibition of Central Bank Digital Currency (CBDC) in the US

This act aims to prohibit the Federal Reserve from creating and issuing a central bank digital currency (CBDC) directly to individuals or indirectly through banks. This means your money will remain in its current form, and the government will not have direct access to your financial transactions through such a currency. This protects your financial privacy and prevents the use of CBDC for monetary policy control.
Key points
The Federal Reserve will not be able to offer a central bank digital currency (CBDC) directly to individuals.
Banks will not be able to facilitate the indirect issuance of CBDC by the Federal Reserve.
CBDC cannot be used to implement monetary policy, protecting against excessive government control over the economy.
The act safeguards financial privacy, ensuring digital money is not tracked in a way a CBDC might be.
article Official text account_balance Process page
VOTING RESULTS
2024-05-23
53%
For 216
Against 192
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_5403
Sponsor: Rep. Emmer, Tom [R-MN-6]
Process start date: 2023-09-12
Voting date: 2024-05-23
Meeting no: 2
Voting no: 230
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CBDC Anti-Surveillance State Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5403.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-09-12.

What are the main provisions?

Key points include:

  • The Federal Reserve will not be able to offer a central bank digital currency (CBDC) directly to individuals.
  • Banks will not be able to facilitate the indirect issuance of CBDC by the Federal Reserve.
  • CBDC cannot be used to implement monetary policy, protecting against excessive government control over the economy.
  • The act safeguards financial privacy, ensuring digital money is not tracked in a way a CBDC might be.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Emmer, Tom [R-MN-6].

What is the latest detailed status?

The latest detailed status is: On passage Passed by recorded vote: 216 - 192 (Roll no. 230).

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Courts and Law