Bill
Bill > HR5403
summary
Introduced
09/12/2023
09/12/2023
In Committee
09/20/2023
09/20/2023
Crossed Over
06/03/2024
06/03/2024
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
AN 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.
AI Summary
This bill, the "CBDC Anti-Surveillance State Act," would amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering products or services directly to individuals, maintaining individual accounts, or issuing a central bank digital currency (CBDC) directly to individuals. It would also prohibit the Federal Reserve from using a CBDC to implement monetary policy. The bill specifies that it would not apply to any dollar-denominated currency that is open, permissionless, and preserves the privacy protections of physical currency. Additionally, the bill states that the Federal Reserve should not be permitted to develop or implement a CBDC, and it prohibits the Federal Reserve from testing the practicability of issuing a CBDC without explicit Congressional authorization.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (166)
Tom Emmer (R)*,
Robert Aderholt (R),
Mark Alford (R),
Mark Amodei (R),
Kelly Armstrong (R),
Jodey Arrington (R),
Brian Babin (R),
Don Bacon (R),
Jim Baird (R),
Troy Balderson (R),
Jim Banks (R),
Andy Barr (R),
Aaron Bean (R),
Jack Bergman (R),
Stephanie Bice (R),
Andy Biggs (R),
Gus Bilirakis (R),
Dan Bishop (R),
Mike Bost (R),
Josh Brecheen (R),
Larry Bucshon (R),
Michael Burgess (R),
Eric Burlison (R),
Ken Calvert (R),
Kat Cammack (R),
Mike Carey (R),
Jerry Carl (R),
Buddy Carter (R),
John Carter (R),
Lori Chavez-DeRemer (R),
Juan Ciscomani (R),
Ben Cline (R),
Michael Cloud (R),
Andrew Clyde (R),
Tom Cole (R),
Mike Collins (R),
Eli Crane (R),
Rick Crawford (R),
Dan Crenshaw (R),
John Curtis (R),
Anthony D'Esposito (R),
Warren Davidson (R),
Monica De La Cruz (R),
Scott DesJarlais (R),
Mario Diaz-Balart (R),
Byron Donalds (R),
John Duarte (R),
Jeff Duncan (R),
Neal Dunn (R),
Chuck Edwards (R),
Jake Ellzey (R),
Mike Ezell (R),
Pat Fallon (R),
Randy Feenstra (R),
Drew Ferguson (R),
Brad Finstad (R),
Michelle Fischbach (R),
Scott Fitzgerald (R),
Chuck Fleischmann (R),
Mike Flood (R),
Scott Franklin (R),
Russell Fry (R),
Andrew Garbarino (R),
Carlos Giménez (R),
Tony Gonzales (R),
Bob Good (R),
Lance Gooden (R),
Paul Gosar (R),
Kay Granger (R),
Sam Graves (R),
Mark Green (R),
Marjorie Taylor Greene (R),
Glenn Grothman (R),
Michael Guest (R),
Brett Guthrie (R),
Harriet Hageman (R),
Diana Harshbarger (R),
Kevin Hern (R),
Clay Higgins (R),
French Hill (R),
Ashley Hinson (R),
Erin Houchin (R),
Richard Hudson (R),
Bill Huizenga (R),
Wesley Hunt (R),
Darrell Issa (R),
Ronny Jackson (R),
Dusty Johnson (R),
Tom Kean (R),
Mike Kelly (R),
Trent Kelly (R),
Kevin Kiley (R),
Young Kim (R),
David Kustoff (R),
Darin LaHood (R),
Doug Lamborn (R),
Nick Langworthy (R),
Bob Latta (R),
Jake LaTurner (R),
Mike Lawler (R),
Laurel Lee (R),
Debbie Lesko (R),
Julia Letlow (R),
Barry Loudermilk (R),
Frank Lucas (R),
Blaine Luetkemeyer (R),
Anna Luna (R),
Nancy Mace (R),
Celeste Maloy (R),
Tracey Mann (R),
Brian Mast (R),
Michael McCaul (R),
Lisa McClain (R),
Tom McClintock (R),
Richard McCormick (R),
Cathy McMorris Rodgers (R),
Dan Meuser (R),
Carol Miller (R),
Mary Miller (R),
Mariannette Miller-Meeks (R),
Cory Mills (R),
John Moolenaar (R),
Alex Mooney (R),
Barry Moore (R),
Nathaniel Moran (R),
Greg Murphy (R),
Troy Nehls (R),
Ralph Norman (R),
Zach Nunn (R),
Andy Ogles (R),
Burgess Owens (R),
Greg Pence (R),
Scott Perry (R),
August Pfluger (R),
Bill Posey (R),
Guy Reschenthaler (R),
Mike Rogers (R),
John Rose (R),
Matt Rosendale (R),
David Rouzer (R),
Chip Roy (R),
Austin Scott (R),
Keith Self (R),
Pete Sessions (R),
Chris Smith (R),
Pete Stauber (R),
Bryan Steil (R),
Greg Steube (R),
Dale Strong (R),
Tom Tiffany (R),
William Timmons (R),
David Valadao (R),
Jeff Van Drew (R),
Beth Van Duyne (R),
Derrick Van Orden (R),
Ann Wagner (R),
Michael Waltz (R),
Randy Weber (R),
Brad Wenstrup (R),
Bruce Westerman (R),
Brandon Williams (R),
Roger Williams (R),
Rob Wittman (R),
Steve Womack (R),
Rudy Yakym (R),
Ryan Zinke (R),
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 06/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/5403/all-info |
| BillText | https://www.congress.gov/118/bills/hr5403/BILLS-118hr5403eh.pdf |
| BillText | https://www.congress.gov/118/bills/hr5403/BILLS-118hr5403rh.pdf |
| BillText | https://www.congress.gov/118/bills/hr5403/BILLS-118hr5403ih.pdf |
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