3.0.0 1122 2024-07-24T15:23:37Z 2024-07-24T15:23:37Z House H HR 2023-02-21 118 [Congressional Record Volume 169, Number 34 (Tuesday, February 21, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. EMMER:H.R. 1122.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the U.S. ConstitutionThe single subject of this legislation is:This bill concerns central bank digital currencies.[Page H867]]]> hsba00 Financial Services Committee House Standing Referred to 2023-02-21T17:01:05Z A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes. 118 887 S 2023-03-21 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2023-02-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-02-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-02-21 Introduced in House IntroReferral 1000 9 Library of Congress E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 N H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2023-02-21 True D000626 Rep. Davidson, Warren [R-OH-8] Warren Davidson R OH 8 2023-02-21 True F000474 Rep. Flood, Mike [R-NE-1] Mike Flood R NE 1 2023-02-21 True N000190 Rep. Norman, Ralph [R-SC-5] Ralph Norman R SC 5 2023-02-21 True D000032 Rep. Donalds, Byron [R-FL-19] Byron Donalds R FL 19 2023-02-21 True B001302 Rep. Biggs, Andy [R-AZ-5] Andy Biggs R AZ 5 2023-02-21 True L000583 Rep. Loudermilk, Barry [R-GA-11] Barry Loudermilk R GA 11 2023-02-21 True S000250 Rep. Sessions, Pete [R-TX-17] PETE SESSIONS R TX 17 2023-02-21 True K000397 Rep. Kim, Young [R-CA-40] Young Kim R CA 40 2023-02-21 True M000194 Rep. Mace, Nancy [R-SC-1] Nancy Mace R SC 1 2023-03-07 False F000471 Rep. Fitzgerald, Scott [R-WI-5] Scott Fitzgerald R WI 5 2023-03-07 False S001213 Rep. Steil, Bryan [R-WI-1] Bryan Steil R WI 1 2023-03-07 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2023-03-07 False B001295 Rep. Bost, Mike [R-IL-12] Mike Bost R IL 12 2023-03-07 False P000048 Rep. Pfluger, August [R-TX-11] August Pfluger R TX 11 2023-03-22 False V000133 Rep. Van Drew, Jefferson [R-NJ-2] Jefferson Van Drew R NJ 2 2023-03-22 False L000596 Rep. Luna, Anna Paulina [R-FL-13] Anna Paulina Luna R FL 13 2023-03-22 False K000401 Rep. Kiley, Kevin [R-CA-3] Kevin Kiley R CA 3 2023-04-06 False Y000067 Rep. Yakym, Rudy [R-IN-2] Rudy Yakym R IN 2 2023-04-06 False D000615 Rep. Duncan, Jeff [R-SC-3] Jeff Duncan R SC 3 2023-04-06 False L000589 Rep. Lesko, Debbie [R-AZ-8] Debbie Lesko R AZ 8 2023-04-28 False B001317 Rep. Brecheen, Josh [R-OK-2] Josh Brecheen R OK 2 2023-04-28 False G000576 Rep. Grothman, Glenn [R-WI-6] Glenn Grothman R WI 6 2023-04-28 False T000480 Rep. Timmons, William R. IV [R-SC-4] William Timmons R SC R. 4 2023-05-09 False P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2023-05-11 False G000596 Rep. Greene, Marjorie Taylor [R-GA-14] Marjorie Greene R GA Taylor 14 2023-05-17 False R000603 Rep. Rouzer, David [R-NC-7] David Rouzer R NC 7 2023-06-05 False C001115 Rep. Cloud, Michael [R-TX-27] Michael Cloud R TX 27 2023-06-05 False S001189 Rep. Scott, Austin [R-GA-8] Austin Scott R GA 8 2023-06-05 False R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2023-06-05 False M001211 Rep. Miller, Mary E. [R-IL-15] Mary Miller R IL E. 15 2023-06-05 False S000522 Rep. Smith, Christopher H. [R-NJ-4] CHRISTOPHER SMITH R NJ H. 4 2023-06-07 False V000129 Rep. Valadao, David G. [R-CA-22] David Valadao R CA G. 22 2023-06-07 False S001224 Rep. Self, Keith [R-TX-3] Keith Self R TX 3 2023-06-07 False R000610 Rep. Reschenthaler, Guy [R-PA-14] Guy Reschenthaler R PA 14 2023-06-07 False J000304 Rep. Jackson, Ronny [R-TX-13] Ronny Jackson R TX 13 2023-06-12 False G000565 Rep. Gosar, Paul A. [R-AZ-9] Paul Gosar R AZ A. 9 2023-06-12 False F000246 Rep. Fallon, Pat [R-TX-4] Pat Fallon R TX 4 2023-06-14 False W000814 Rep. Weber, Randy K., Sr. [R-TX-14] Randy Weber R TX K. 14 2023-06-14 False L000266 Rep. LaTurner, Jake [R-KS-2] Jake LaTurner R KS 2 2023-06-14 False M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 2023-07-14 False K000398 Rep. Kean, Thomas H. [R-NJ-7] Thomas Kean R NJ H. 7 2023-07-14 False F000472 Rep. Franklin, C. Scott [R-FL-18] C. Franklin R FL Scott 18 2023-07-17 False M001216 Rep. Mills, Cory [R-FL-7] Cory Mills R FL 7 2023-07-25 False L000595 Rep. Letlow, Julia [R-LA-5] Julia Letlow R LA 5 2023-07-25 False H001082 Rep. Hern, Kevin [R-OK-1] Kevin Hern R OK 1 2023-07-26 False Finance and Financial Sector Finance and Financial Sector 2023-03-13T17:45:21Z 00 2023-02-21 Introduced in House 2023-05-23T14:16:41Z CBDC Anti-Surveillance State Act

This bill limits the ability of the Federal Reserve to (1) provide direct services to individuals, and (2) use a central bank digital currency. A central bank digital currency is a digital currency (e.g., Bitcoin or Ether) issued by a government-backed central bank.

Specifically, the bill prohibits the Federal Reserve and the Federal Open Market Committee from using any central bank digital currency to implement monetary policy. In addition, a Federal Reserve bank is prohibited from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency directly to an individual.

The Federal Reserve must (1) consult with each Federal Reserve bank with respect to any central bank digital currency study or pilot program, and (2) issue quarterly reports on the findings and determinations of any such study or program.]]>

CBDC Anti-Surveillance State Act Display Title 45 CBDC Anti-Surveillance State Act 2024-07-24T15:23:37Z Short Title(s) as Introduced 101 CBDC Anti-Surveillance State Act 2024-05-24T13:42:11Z Introduced in House IH Official Title as Introduced 6 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. 2024-03-18T20:21:42Z Introduced in House IH Introduced in House 2023-02-21T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1122ih/xml/BILLS-118hr1122ih.xml 2023-02-21 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.