S 1124 · 119th CongressIn Committeecongress.gov ↗

Anti-CBDC Surveillance State Act

What this bill does

AI plain-language summary

This bill stops the Federal Reserve from creating or issuing a digital version of the U.S. dollar, often called a central bank digital currency. It also prevents Federal Reserve banks from offering services or holding accounts directly for individual people. Additionally, the Federal Reserve's Board of Governors is not allowed to use a digital dollar to manage the economy or to test, study, or develop one, except in certain cases allowed by the bill.

Introduced

March 25, 2025

Policy Area

Finance and Financial Sector

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