Anti-CBDC Surveillance State Act

This bill proposes to amend the Federal Reserve Act to explicitly prohibit Federal Reserve banks from offering products or services directly to individuals or maintaining individual accounts. Crucially, it bans the Federal Reserve from developing, testing, implementing, or issuing a central bank digital currency (CBDC), either directly or indirectly, and from using a CBDC for monetary policy. The legislation defines CBDC as a direct liability of the Federal Reserve System, denominated in the national unit of account, and widely available to the public.