Bill Detail

S. 1124

Congress: 119

Title

Anti-CBDC Surveillance State Act

Summary

Anti-CBDC Surveillance State Act This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar). Further, the Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.

Sponsor

Sen. Ted Cruz [R-TX]

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Status as of Jun 29, 1:31 AM · synced 19h ago

Introduced

2025-03-25

Data source mode: cache

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