Bill
Bill > HR1919
summary
Introduced
03/06/2025
03/06/2025
In Committee
04/02/2025
04/02/2025
Crossed Over
Passed
Dead
Introduced Session
119th 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, known as the Anti-CBDC Surveillance State Act, seeks to prohibit the Federal Reserve from developing, implementing, or offering a Central Bank Digital Currency (CBDC). Specifically, the bill prevents Federal Reserve banks from offering financial products or services directly to individuals, maintaining individual accounts, or issuing a digital currency. The legislation also bars the Federal Reserve Board of Governors from testing, studying, developing, creating, or implementing a CBDC, and prohibits using such a currency for monetary policy. The bill defines a CBDC as a digital form of money that is denominated in the national unit of account, a direct liability of the Federal Reserve System, and widely available to the public. An important exception is made for dollar-denominated currencies that are open, permissionless, and private, which would preserve the privacy protections of physical currency. The bill includes a congressional declaration that the Federal Reserve currently lacks the authority to issue a CBDC and cannot do so without explicit congressional approval under its constitutional powers. The underlying motivation appears to be concerns about potential government surveillance and control through a digital currency system.
Committee Categories
Business and Industry
Sponsors (136)
Tom Emmer (R)*,
Mark Amodei (R),
Brian Babin (R),
Don Bacon (R),
Jim Baird (R),
Troy Balderson (R),
Andy Barr (R),
Michael Baumgartner (R),
Aaron Bean (R),
Nicholas Begich (R),
Cliff Bentz (R),
Jack Bergman (R),
Stephanie Bice (R),
Andy Biggs (R),
Gus Bilirakis (R),
Mike Bost (R),
Josh Brecheen (R),
Robert Bresnahan (R),
Kat Cammack (R),
Mike Carey (R),
John Carter (R),
Juan Ciscomani (R),
Ben Cline (R),
Michael Cloud (R),
Andrew Clyde (R),
Tom Cole (R),
Mike Collins (R),
Eli Crane (R),
Jeff Crank (R),
Dan Crenshaw (R),
Warren Davidson (R),
Monica De La Cruz (R),
Byron Donalds (R),
Troy Downing (R),
Chuck Edwards (R),
Jake Ellzey (R),
Mike Ezell (R),
Randy Feenstra (R),
Brad Finstad (R),
Michelle Fischbach (R),
Scott Fitzgerald (R),
Chuck Fleischmann (R),
Mike Flood (R),
Scott Franklin (R),
Andrew Garbarino (R),
Brandon Gill (R),
Craig Goldman (R),
Lance Gooden (R),
Paul Gosar (R),
Sam Graves (R),
Mark Green (R),
Marjorie Taylor Greene (R),
Glenn Grothman (R),
Michael Guest (R),
Brett Guthrie (R),
Harriet Hageman (R),
Mike Haridopolos (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),
Darrell Issa (R),
Brian Jack (R),
Ronny Jackson (R),
Dusty Johnson (R),
Tom Kean (R),
Mike Kelly (R),
Trent Kelly (R),
Mike Kennedy (R),
Kevin Kiley (R),
Young Kim (R),
Darin LaHood (R),
Nick Langworthy (R),
Bob Latta (R),
Mike Lawler (R),
Julia Letlow (R),
Barry Loudermilk (R),
Frank Lucas (R),
Anna Luna (R),
Nancy Mace (R),
Ryan Mackenzie (R),
Tracey Mann (R),
Michael McCaul (R),
Richard McCormick (R),
Addison McDowell (R),
John McGuire (R),
Mark Messmer (R),
Dan Meuser (R),
Mary Miller (R),
John Moolenaar (R),
Barry Moore (R),
Tim Moore (R),
Nathaniel Moran (R),
Greg Murphy (R),
Troy Nehls (R),
Ralph Norman (R),
Zach Nunn (R),
Andy Ogles (R),
Burgess Owens (R),
Scott Perry (R),
August Pfluger (R),
Guy Reschenthaler (R),
Mike Rogers (R),
John Rose (R),
David Rouzer (R),
Chip Roy (R),
Michael Rulli (R),
John Rutherford (R),
María Salazar (R),
Derek Schmidt (R),
Austin Scott (R),
Pete Sessions (R),
Adrian Smith (R),
Pete Stauber (R),
Bryan Steil (R),
Greg Steube (R),
Marlin Stutzman (R),
David Taylor (R),
Claudia Tenney (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),
Randy Weber (R),
Roger Williams (R),
Rob Wittman (R),
Steve Womack (R),
Rudy Yakym (R),
Ryan Zinke (R),
Last Action
Motion to reconsider laid on the table Agreed to without objection. (on 07/17/2025)
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/119th-congress/house-bill/1919/all-info |
| BillText | https://www.congress.gov/119/bills/hr1919/BILLS-119hr1919eh.pdf |
| BillText | https://www.congress.gov/119/bills/hr1919/BILLS-119hr1919rh.pdf |
| BillText | https://www.congress.gov/119/bills/hr1919/BILLS-119hr1919ih.pdf |
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