CBDC Anti-Surveillance State Act
Latest action · Jun 3, 2024 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 12, 2023
- Passed HouseMay 23, 2024
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
CBDC Anti-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) directly or indirectly to an individual. 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 issuing a central bank digital currency.
Recorded votes 4
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 230 | On Passage | Passed216–192 | May 23, 2024 |
| House 229 | On Agreeing to the Amendment | Agreed to212–195 | May 23, 2024 |
| House 228 | On Agreeing to the Amendment | Agreed to206–193 | May 23, 2024 |
| House 227 | On Agreeing to the Amendment | Agreed to204–176 | May 23, 2024 |
Cosponsors 165
Members who signed on, in the order they did. Signatures ran from Sep 12, 2023 to May 7, 2024, with 52 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TN | Andrew Ogles | Original | Sep 12, 2023 |
| R-KY | Andy Barr | Original | Sep 12, 2023 |
| R-AZ | Andy Biggs | Original | Sep 12, 2023 |
| R-MO | Ann Wagner | Original | Sep 12, 2023 |
| R-FL | Anna Paulina Luna | Original | Sep 12, 2023 |
| R-TX | August Pfluger | Original | Sep 12, 2023 |
| R-GA | Austin Scott | Original | Sep 12, 2023 |
| R-GA | Barry Loudermilk | Original | Sep 12, 2023 |
| R-FL | Bill Posey | Original | Sep 12, 2023 |
| R-WI | Bryan Steil | Original | Sep 12, 2023 |
| R-FL | Byron Donalds | Original | Sep 12, 2023 |
| R-NJ | Christopher H. Smith | Original | Sep 12, 2023 |
| R-FL | Cory Mills | Original | Sep 12, 2023 |
| R-PA | Daniel Meuser | Original | Sep 12, 2023 |
| R-CA | David G. Valadao | Original | Sep 12, 2023 |
Actions 25
Everything that happened, newest first.
- Jun 3, 2024Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- May 23, 2024Considered under the provisions of rule H. Res. 1243. (consideration: H3496-3509)
- May 23, 2024DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Davidson amendment No. 3.
- May 23, 2024DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Mooney amendment No. 2.
- May 23, 2024DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Ogles amendment No. 1.
Amendments 3
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| HAmdt 924 | An amendment numbered 1 printed in Part C of House Report 118-516 to add a sense of Congress that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should not be permitted to develop, create, or implement a central bank digital currency, or use any such tool to implement monetary policy. | Andrew Ogles R-TN | On agreeing to the Ogles amendment (A001) Agreed to by recorded vote: 204 - 176 (Roll no. 227). |
| HAmdt 925 | Amendment prohibits the Federal Reserve's Central Bank Digital Currency (CBDC) pilot programs. | Alexander X. Mooney R-WV | On agreeing to the Mooney amendment (A002) Agreed to by recorded vote: 206 - 193 (Roll no. 228). |
| HAmdt 926 | Amendment prohibits the Federal Reserve Bank and the Treasury Department from designing, building, developing, establishing, or issuing a Central Bank Digital Currency (CBDC). | Warren Davidson R-OH | On agreeing to the Davidson amendment (A003) Agreed to by recorded vote: 212 - 195 (Roll no. 229). |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HRES 1243 | Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes; providing for consideration of the | Related bill | May 22, 2024 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Jun 3, 2024Referred in Senate
- May 23, 2024Engrossed in House
- May 7, 2024Reported in House
- Sep 12, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.