Bill > S3801

This bill, the CBDC Anti-Surveillance State Act, aims to prohibit the Federal Reserve (Fed) from offering products or services directly to individuals, maintaining individual accounts, or issuing a central bank digital currency (CBDC). The bill also prohibits the Fed from using a CBDC to implement monetary policy. Additionally, the bill requires Congressional authorization for the Treasury Department to direct the Fed to issue a CBDC. The bill does not apply to any dollar-denominated currency that is open, permissionless, and private, and fully preserves the privacy protections of physical currency.