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Jul 17, 2025 Engrossed in House See what changed
Mar 6, 2025viewing Reported in House Mr. Emmer (for himself, Mr. Hill of Arkansas, Mr. Moolenaar, Mr. Hudson, Mr. Ogles, Mr. Bost, Mr. Scott Franklin of Florida, Ms. Greene of Georgia, Mr. Biggs of Arizona, Mr. Cloud, Mr. Flood, Mr. Gosar, Mrs. Kim, Mr. Meuser, Mr. Davidson, Mr. Kiley of California, Mr. Donalds, Mr. Fitzgerald, Mrs. Luna, Mr. Garbarino, Mr. Lucas, Mr. Sessions, Mr. Huizenga, Mrs. Wagner, Mr. Barr, Mr. Williams of Texas, Mr. Loudermilk, Mr. Rose, Mr. Steil, Mr. Timmons, Mr. Norman, Mr. Lawler, Ms. De La Cruz, Mr. Nunn of Iowa, Ms. Salazar, Mr. Haridopolos, Mr. Downing, Mr. Moore of North Carolina, Mr. Bacon, Mr. Brecheen, Mr. Kelly of Pennsylvania, Mr. Grothman, Ms. Mace, Mr. Reschenthaler, Mr. Rogers of Alabama, Mr. Rouzer, Mr. Valadao, Mr. Van Drew, Mr. Weber of Texas, Mrs. Houchin, Ms. Hageman, Mr. Langworthy, Mr. Gooden, Mr. Finstad, Mrs. Fischbach, Mr. Bean of Florida, Mr. Amodei of Nevada, Mr. Graves, Mrs. Harshbarger, Mr. Crane, Mr. Ciscomani, Mr. Baird, Mr. Kelly of Mississippi, Mrs. Cammack, Mr. Fleischmann, Mr. Murphy, Mrs. Bice, Mr. Carter of Texas, Mr. Johnson of South Dakota, Mr. Clyde, Mr. Tiffany, Mr. Bergman, Ms. Van Duyne, Mr. Collins, Mr. Latta, Mr. Crenshaw, Mr. Ellzey, Mr. Issa, Mr. Owens, Mr. Perry, Mr. Zinke, Mr. Higgins of Louisiana, Mrs. Hinson, Mr. Balderson, Mr. McCormick, Mr. Carey, Mr. Wittman, Mr. Roy, Mr. McCaul, Mr. Rutherford, Mr. Smith of Nebraska, Ms. Tenney, Mr. Crank, Mr. Baumgartner, Mr. Mackenzie, Mr. McDowell, Mr. Messmer, Mr. Schmidt, Mr. Taylor, Mr. Gill of Texas, and Mr. Guest) introduced the following bill; which was referred to the Committee on Financial Services See what changed
Mar 6, 2025 Introduced in House Mr. Emmer (for himself, Mr. Hill of Arkansas, Mr. Moolenaar, Mr. Hudson, Mr. Ogles, Mr. Bost, Mr. Scott Franklin of Florida, Ms. Greene of Georgia, Mr. Biggs of Arizona, Mr. Cloud, Mr. Flood, Mr. Gosar, Mrs. Kim, Mr. Meuser, Mr. Davidson, Mr. Kiley of California, Mr. Donalds, Mr. Fitzgerald, Mrs. Luna, Mr. Garbarino, Mr. Lucas, Mr. Sessions, Mr. Huizenga, Mrs. Wagner, Mr. Barr, Mr. Williams of Texas, Mr. Loudermilk, Mr. Rose, Mr. Steil, Mr. Timmons, Mr. Norman, Mr. Lawler, Ms. De La Cruz, Mr. Nunn of Iowa, Ms. Salazar, Mr. Haridopolos, Mr. Downing, Mr. Moore of North Carolina, Mr. Bacon, Mr. Brecheen, Mr. Kelly of Pennsylvania, Mr. Grothman, Ms. Mace, Mr. Reschenthaler, Mr. Rogers of Alabama, Mr. Rouzer, Mr. Valadao, Mr. Van Drew, Mr. Weber of Texas, Mrs. Houchin, Ms. Hageman, Mr. Langworthy, Mr. Gooden, Mr. Finstad, Mrs. Fischbach, Mr. Bean of Florida, Mr. Amodei of Nevada, Mr. Graves, Mrs. Harshbarger, Mr. Crane, Mr. Ciscomani, Mr. Baird, Mr. Kelly of Mississippi, Mrs. Cammack, Mr. Fleischmann, Mr. Murphy, Mrs. Bice, Mr. Carter of Texas, Mr. Johnson of South Dakota, Mr. Clyde, Mr. Tiffany, Mr. Bergman, Ms. Van Duyne, Mr. Collins, Mr. Latta, Mr. Crenshaw, Mr. Ellzey, Mr. Issa, Mr. Owens, Mr. Perry, Mr. Zinke, Mr. Higgins of Louisiana, Mrs. Hinson, Mr. Balderson, Mr. McCormick, Mr. Carey, Mr. Wittman, Mr. Roy, Mr. McCaul, Mr. Rutherford, Mr. Smith of Nebraska, Ms. Tenney, Mr. Crank, Mr. Baumgartner, Mr. Mackenzie, Mr. McDowell, Mr. Messmer, Mr. Schmidt, Mr. Taylor, Mr. Gill of Texas, and Mr. Guest) introduced the following bill; which was referred to the Committee on Financial Services

H.R. 1919 — what changed

Anti-CBDC Surveillance State Act

From Introduced in House to Reported in House. 3 sections amended between Introduced in House and Reported in House.

Sec. 2 Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency

changed Section 16 of the Federal Reserve Act (12 U.S.C. 411 et seq.) is amended by adding at the end the following new paragraph:

“(18)

“(A) A Federal reserve bank may not—

changed “(i) offer financial products or services directly to an individual;

“(ii) maintain an account on behalf of an individual; or

“(iii) issue a central bank digital currency, or any digital asset that is substantially similar under any other name or label.

“(B) In this paragraph, the term “central bank digital currency” has the meaning given that term under section 10(11)(D).”

Sec. 3 Prohibition on Federal reserve banks indirectly issuing a central bank digital currency

changed Section 16 of the Federal Reserve ~~Act,~~ Act (12 U.S.C. 411 et seq.), as amended by section 2, is further amended by adding at the end the following paragraph:

“(19)

“(A) A Federal reserve bank may not offer a central bank digital currency, or any digital asset that is substantially similar under any other name or label, indirectly to an individual through a financial institution or other intermediary.

“(B) In this paragraph, the term “central bank digital currency” has the meaning given that term under section 10(11)(D).”

Sec. 5 Sense of Congress

changed It is the sense of Congress that the Board of Governors of the Federal Reserve System currently does not have the authority to issue a central bank digital currency, or any digital asset that is substantially similar under any other name or label, and will not have such authority unless Congress grants it under Congress’s Article 1 Section 8 powers.

H.R. 1919 — what changed

Sec. 2 Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency

Sec. 3 Prohibition on Federal reserve banks indirectly issuing a central bank digital currency

Sec. 5 Sense of Congress

Cite this provision

Incoming references