S 1124
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.
Bill status
- Status
- In committee
- Sponsor
- Sen. Ted Cruz [R-TX]
- Cosponsors
- 8
- Policy area
- Finance and Financial Sector
- Introduced
- 2025-03-25
- Latest action
- 2025-03-25: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee referrals
Recent actions
- 2025-03-25: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-03-25: Introduced in Senate