Anti-CBDC Surveillance State Act

Hozzl · 2025-03-26T08:06:55Z

Explore the details of House Bill 1919 Anti-CBDC Surveillance State Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/26/2025, 8:06 AM

Summary of Bill HR 1919

Bill 119 HR 1919, also known as the Federal Reserve Transparency and Accountability Act, aims to make changes to the Federal Reserve Act. The bill seeks to prohibit Federal Reserve banks from offering certain products or services directly to individuals. This means that the Federal Reserve would no longer be able to provide certain financial services to individual consumers.

Additionally, the bill aims to prohibit the use of central bank digital currency for monetary policy. This means that the Federal Reserve would not be able to use digital currency as a tool for implementing monetary policy.

Overall, the goal of Bill 119 HR 1919 is to increase transparency and accountability within the Federal Reserve system by limiting the types of products and services that Federal Reserve banks can offer and by restricting the use of digital currency for monetary policy purposes.

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Current Status of Bill HR 1919

Bill HR 1919 is currently in the status of Bill Introduced since March 6, 2025. Bill HR 1919 was introduced during Congress 119 and was introduced to the House on March 6, 2025. Bill HR 1919's most recent activity was Referred to the House Committee on Financial Services. as of March 6, 2025

Bipartisan Support of Bill HR 1919

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

430

Democrat Cosponsors

Republican Cosponsors

430

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1919

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 1919

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,.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,.

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