House Bill 5403 - CBDC Anti-Surveillance State Act

Purpose and Summary

Chamber: House

Introduced date: 2023-09-12

Recent Activity

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Alternative Names

CBDC Anti-Surveillance State Act

CBDC Anti-Surveillance State Act

CBDC Anti-Surveillance State Act

CBDC Anti-Surveillance State Act

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.

Associated Legislation

Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes; providing for consideration of the bill (H.R. 5403) 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; and providing for consideration of the bill (H.R. 192) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia.

Policy Areas

Finance and Financial Sector

Potential Impact

Bank accounts, deposits, capital

Computers and information technology

Currency

Digital media

Financial services and investments

Sponsors and Supporters

Rep. Emmer, Tom [R-MN-6]

Cosponsors and Supporters

Rep. Bacon, Don [R-NE-2]

Rep. Biggs, Andy [R-AZ-5]

Rep. Bost, Mike [R-IL-12]

Rep. Brecheen, Josh [R-OK-2]

Rep. Cloud, Michael [R-TX-27]

Rep. Davidson, Warren [R-OH-8]

Rep. Donalds, Byron [R-FL-19]

Rep. Duncan, Jeff [R-SC-3]

Rep. Fallon, Pat [R-TX-4]

Rep. Fitzgerald, Scott [R-WI-5]

Rep. Flood, Mike [R-NE-1]

Rep. Franklin, C. Scott [R-FL-18]

Rep. Gosar, Paul A. [R-AZ-9]

Rep. Greene, Marjorie Taylor [R-GA-14]

Rep. Grothman, Glenn [R-WI-6]

Rep. Hern, Kevin [R-OK-1]

Rep. Hill, J. French [R-AR-2]

Rep. Jackson, Ronny [R-TX-13]

Rep. Kean, Thomas H. [R-NJ-7]

Rep. Kiley, Kevin [R-CA-3]

Rep. Kim, Young [R-CA-40]

Rep. LaTurner, Jake [R-KS-2]

Rep. Lesko, Debbie [R-AZ-8]

Rep. Letlow, Julia [R-LA-5]

Rep. Loudermilk, Barry [R-GA-11]

Rep. Luna, Anna Paulina [R-FL-13]

Rep. Mace, Nancy [R-SC-1]

Rep. Meuser, Daniel [R-PA-9]

Rep. Miller, Mary E. [R-IL-15]

Rep. Mills, Cory [R-FL-7]

Rep. Norman, Ralph [R-SC-5]

Rep. Pfluger, August [R-TX-11]

Rep. Posey, Bill [R-FL-8]

Rep. Reschenthaler, Guy [R-PA-14]

Rep. Rogers, Mike D. [R-AL-3]

Rep. Rouzer, David [R-NC-7]

Rep. Scott, Austin [R-GA-8]

Rep. Self, Keith [R-TX-3]

Rep. Sessions, Pete [R-TX-17]

Rep. Smith, Christopher H. [R-NJ-4]

Rep. Steil, Bryan [R-WI-1]

Rep. Timmons, William R. IV [R-SC-4]

Rep. Valadao, David G. [R-CA-22]

Rep. Van Drew, Jefferson [R-NJ-2]

Rep. Weber, Randy K., Sr. [R-TX-14]

Rep. Yakym, Rudy [R-IN-2]

Rep. Ogles, Andrew [R-TN-5]

Rep. Lawler, Michael [R-NY-17]

Rep. Wagner, Ann [R-MO-2]

Rep. Houchin, Erin [R-IN-9]

Rep. Hageman, Harriet M. [R-WY-At Large]

Rep. Barr, Andy [R-KY-6]

Rep. Green, Mark E. [R-TN-7]

Rep. Babin, Brian [R-TX-36]

Rep. Burlison, Eric [R-MO-7]

Rep. Langworthy, Nicholas A. [R-NY-23]

Rep. Chavez-DeRemer, Lori [R-OR-5]

Rep. Williams, Roger [R-TX-25]

Rep. Ferguson, A. Drew, IV [R-GA-3]

Rep. Huizenga, Bill [R-MI-4]

Rep. Crawford, Eric A. "Rick" [R-AR-1]

Rep. Edwards, Chuck [R-NC-11]

Rep. Guthrie, Brett [R-KY-2]

Rep. Calvert, Ken [R-CA-41]

Rep. Dunn, Neal P. [R-FL-2]

Rep. De La Cruz, Monica [R-TX-15]

Rep. Cline, Ben [R-VA-6]

Rep. Williams, Brandon [R-NY-22]

Rep. Kustoff, David [R-TN-8]

Rep. Gooden, Lance [R-TX-5]

Rep. Finstad, Brad [R-MN-1]

Rep. Wenstrup, Brad R. [R-OH-2]

Rep. Fischbach, Michelle [R-MN-7]

Rep. Moore, Barry [R-AL-2]

Rep. Nehls, Troy E. [R-TX-22]

Rep. Alford, Mark [R-MO-4]

Rep. Bean, Aaron [R-FL-4]

Rep. Bucshon, Larry [R-IN-8]

Rep. Carl, Jerry L. [R-AL-1]

Rep. Amodei, Mark E. [R-NV-2]

Rep. Graves, Sam [R-MO-6]

Rep. Harshbarger, Diana [R-TN-1]

Rep. Crane, Elijah [R-AZ-2]

Rep. Ciscomani, Juan [R-AZ-6]

Rep. Hunt, Wesley [R-TX-38]

Rep. Ezell, Mike [R-MS-4]

Rep. Baird, James R. [R-IN-4]

Rep. Miller, Carol D. [R-WV-1]

Rep. Kelly, Trent [R-MS-1]

Rep. Bilirakis, Gus M. [R-FL-12]

Rep. Guest, Michael [R-MS-3]

Rep. Curtis, John R. [R-UT-3]

Rep. Westerman, Bruce [R-AR-4]

Rep. Luetkemeyer, Blaine [R-MO-3]

Rep. LaHood, Darin [R-IL-16]

Rep. Garbarino, Andrew R. [R-NY-2]

Rep. Carter, Earl L. "Buddy" [R-GA-1]

Rep. Rose, John W. [R-TN-6]

Rep. Bishop, Dan [R-NC-8]

Rep. Cammack, Kat [R-FL-3]

Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]

Rep. Murphy, Gregory F. [R-NC-3]

Rep. DesJarlais, Scott [R-TN-4]

Rep. Moolenaar, John R. [R-MI-2]

Rep. Mooney, Alexander X. [R-WV-2]

Rep. D'Esposito, Anthony [R-NY-4]

Rep. Bice, Stephanie I. [R-OK-5]

Rep. Fry, Russell [R-SC-7]

Rep. Banks, Jim [R-IN-3]

Rep. Carter, John R. [R-TX-31]

Rep. Steube, W. Gregory [R-FL-17]

Rep. Cole, Tom [R-OK-4]

Rep. Strong, Dale W. [R-AL-5]

Rep. Moran, Nathaniel [R-TX-1]

Rep. Rosendale, Matthew M. [R-MT-2]

Rep. Johnson, Dusty [R-SD-At Large]

Rep. Granger, Kay [R-TX-12]

Rep. Clyde, Andrew S. [R-GA-9]

Rep. Lee, Laurel M. [R-FL-15]

Rep. Feenstra, Randy [R-IA-4]

Rep. Armstrong, Kelly [R-ND-At Large]

Rep. Good, Bob [R-VA-5]

Rep. Waltz, Michael [R-FL-6]

Rep. Gonzales, Tony [R-TX-23]

Rep. McMorris Rodgers, Cathy [R-WA-5]

Rep. Lucas, Frank D. [R-OK-3]

Rep. Mann, Tracey [R-KS-1]

Rep. Tiffany, Thomas P. [R-WI-7]

Rep. Bergman, Jack [R-MI-1]

Rep. Van Duyne, Beth [R-TX-24]

Rep. Collins, Mike [R-GA-10]

Rep. Burgess, Michael C. [R-TX-26]

Rep. Kelly, Mike [R-PA-16]

Rep. Lamborn, Doug [R-CO-5]

Rep. Latta, Robert E. [R-OH-5]

Rep. Duarte, John S. [R-CA-13]

Rep. Crenshaw, Dan [R-TX-2]

Rep. Nunn, Zachary [R-IA-3]

Rep. Ellzey, Jake [R-TX-6]

Rep. Hudson, Richard [R-NC-9]

Rep. McClain, Lisa C. [R-MI-9]

Rep. Issa, Darrell [R-CA-48]

Rep. Stauber, Pete [R-MN-8]

Rep. Arrington, Jodey C. [R-TX-19]

Rep. Womack, Steve [R-AR-3]

Rep. Owens, Burgess [R-UT-4]

Rep. Van Orden, Derrick [R-WI-3]

Rep. Perry, Scott [R-PA-10]

Rep. Mast, Brian J. [R-FL-21]

Rep. Gimenez, Carlos A. [R-FL-28]

Rep. Zinke, Ryan K. [R-MT-1]

Rep. Higgins, Clay [R-LA-3]

Rep. Aderholt, Robert B. [R-AL-4]

Rep. Miller-Meeks, Mariannette [R-IA-1]

Rep. Hinson, Ashley [R-IA-2]

Rep. Balderson, Troy [R-OH-12]

Rep. McCormick, Richard [R-GA-6]

Rep. Carey, Mike [R-OH-15]

Rep. Wittman, Robert J. [R-VA-1]

Rep. Pence, Greg [R-IN-6]

Rep. Maloy, Celeste [R-UT-2]

Rep. McClintock, Tom [R-CA-5]

Rep. Roy, Chip [R-TX-21]

Rep. McCaul, Michael T. [R-TX-10]

Rep. Diaz-Balart, Mario [R-FL-26]

Committees and Subcommittees

Banking, Housing, and Urban Affairs Committee

Financial Services Committee

Variations and Revisions