CBDC Anti-Surveillance State Act
Sep 12, 2023
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.
Current Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Analysis
Emmer’s primary motivations stem from worries over broad monitoring of financial transactions. The lawmaker previously stated that CBDCs are “government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil Americans' transactions and choke out politically unpopular activity."
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