119th Congress Finance and Financial Sector
S. 1124: Anti-CBDC Surveillance State Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Ted Budd R-NCOriginal
- Kevin Cramer R-NDOriginal
- Thom Tillis R-NCOriginal
- Bernie Moreno R-OH
- Cynthia Lummis R-WY
- Jon Husted R-OH
- Bill Hagerty R-TN
- Rick Scott R-FL
Who scored on this bill
No member has earned points from it yet.
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History
- Introduced in the Senate by Ted Cruz.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.