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CBDC Anti-Surveillance State Act
6/18/2024, 8:38 PM
Congressional Summary of HR 5403
CBDC Anti-Surveillance State Act
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) directly or indirectly to an individual. 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 issuing a central bank digital currency.
Read the Full Bill
Current Status of Bill HR 5403
Bill HR 5403 is currently in the status of Bill Introduced since September 12, 2023. Bill HR 5403 was introduced during Congress 118 and was introduced to the House on September 12, 2023. Bill HR 5403's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 3, 2024
Bipartisan Support of Bill HR 5403
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
165Democrat Cosponsors
0Republican Cosponsors
165Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5403
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Bank accounts, deposits, capital
- Computers and information technology
- Currency
- Digital media
- Financial services and investments
Alternate Title(s) of Bill HR 5403
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.
Comments
Sponsors and Cosponsors of HR 5403
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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.
Bill HRES 1243June 18, 2024