119-hr-1919119th CongressWALLET

Anti-CBDC Surveillance State Act

Sponsored By: Representative Emmer, Tom [R-MN-6]

Passed House

Summary

Bars the Federal Reserve from issuing a central bank digital currency (CBDC) or any similar digital asset. It would also stop Fed banks from offering accounts or financial products to individuals and prevent using a CBDC to carry out monetary policy, while leaving a narrow exception for an open, permissionless, privacy-preserving dollar-like currency.

Show full summary
  • Households and individuals: Would block the Fed from holding accounts for people or providing financial products directly, limiting any direct relationship between individuals and Federal Reserve banks.
  • Federal Reserve and monetary policy: Would ban the Board of Governors from testing, studying, developing, creating, or implementing a CBDC and bar the Fed and the Federal Open Market Committee from using a CBDC to conduct monetary policy.
  • Banks and intermediaries: Would forbid the Fed from indirectly offering a CBDC through banks or other intermediaries, but exempts a fully private, open, dollar-denominated currency that preserves cash-level privacy.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Ban on Federal Reserve digital dollar

If enacted, the Federal Reserve would be barred from creating or using a digital dollar (CBDC). The Board could not test, study, develop, or implement a CBDC. The FOMC could not use a CBDC to run monetary policy. Federal Reserve banks could not offer accounts or services to people, or issue a CBDC directly or through intermediaries. A CBDC would mean dollar digital money that is a direct Fed liability and widely available.

Allows private cash-like digital dollars

If enacted, the bill would not block private dollar digital money that is open and permissionless. It must fully preserve the privacy of U.S. coins and paper cash. This exception would apply upon enactment.

Sponsors & CoSponsors

Sponsor

Emmer, Tom [R-MN-6]

MN • R

Cosponsors

  • Rep. Hill, J. French [R-AR-2]

    AR • R

    Sponsored 3/6/2025

  • Rep. Moolenaar, John R. [R-MI-2]

    MI • R

    Sponsored 3/6/2025

  • Rep. Hudson, Richard [R-NC-9]

    NC • R

    Sponsored 3/6/2025

  • Rep. Ogles, Andrew [R-TN-5]

    TN • R

    Sponsored 3/6/2025

  • Rep. Bost, Mike [R-IL-12]

    IL • R

    Sponsored 3/6/2025

  • Rep. Franklin, Scott [R-FL-18]

    FL • R

    Sponsored 3/6/2025

  • Rep. Greene, Marjorie Taylor [R-GA-14]

    GA • R

    Sponsored 3/6/2025

  • Rep. Biggs, Andy [R-AZ-5]

    AZ • R

    Sponsored 3/6/2025

  • Rep. Cloud, Michael [R-TX-27]

    TX • R

    Sponsored 3/6/2025

  • Rep. Flood, Mike [R-NE-1]

    NE • R

    Sponsored 3/6/2025

  • Rep. Gosar, Paul A. [R-AZ-9]

    AZ • R

    Sponsored 3/6/2025

  • Rep. Kim, Young [R-CA-40]

    CA • R

    Sponsored 3/6/2025

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 3/6/2025

  • Rep. Davidson, Warren [R-OH-8]

    OH • R

    Sponsored 3/6/2025

  • Rep. Kiley, Kevin [I-CA-3]

    CA • I

    Sponsored 3/6/2025

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 3/6/2025

  • Rep. Fitzgerald, Scott [R-WI-5]

    WI • R

    Sponsored 3/6/2025

  • Rep. Luna, Anna Paulina [R-FL-13]

    FL • R

    Sponsored 3/6/2025

  • Rep. Garbarino, Andrew R. [R-NY-2]

    NY • R

    Sponsored 3/6/2025

  • Rep. Lucas, Frank D. [R-OK-3]

    OK • R

    Sponsored 3/6/2025

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 3/6/2025

  • Rep. Huizenga, Bill [R-MI-4]

    MI • R

    Sponsored 3/6/2025

  • Rep. Wagner, Ann [R-MO-2]

    MO • R

    Sponsored 3/6/2025

  • Rep. Barr, Andy [R-KY-6]

    KY • R

    Sponsored 3/6/2025

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 3/6/2025

  • Rep. Loudermilk, Barry [R-GA-11]

    GA • R

    Sponsored 3/6/2025

  • Rep. Rose, John W. [R-TN-6]

    TN • R

    Sponsored 3/6/2025

  • Rep. Steil, Bryan [R-WI-1]

    WI • R

    Sponsored 3/6/2025

  • Rep. Timmons, William R. [R-SC-4]

    SC • R

    Sponsored 3/6/2025

  • Rep. Norman, Ralph [R-SC-5]

    SC • R

    Sponsored 3/6/2025

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 3/6/2025

  • Rep. De La Cruz, Monica [R-TX-15]

    TX • R

    Sponsored 3/6/2025

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 3/6/2025

  • Rep. Salazar, Maria Elvira [R-FL-27]

    FL • R

    Sponsored 3/6/2025

  • Rep. Haridopolos, Mike [R-FL-8]

    FL • R

    Sponsored 3/6/2025

  • Rep. Downing, Troy [R-MT-2]

    MT • R

    Sponsored 3/6/2025

  • Rep. Moore, Tim [R-NC-14]

    NC • R

    Sponsored 3/6/2025

  • Rep. Bacon, Don [R-NE-2]

    NE • R

    Sponsored 3/6/2025

  • Rep. Brecheen, Josh [R-OK-2]

    OK • R

    Sponsored 3/6/2025

  • Rep. Kelly, Mike [R-PA-16]

    PA • R

    Sponsored 3/6/2025

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 3/6/2025

  • Rep. Mace, Nancy [R-SC-1]

    SC • R

    Sponsored 3/6/2025

  • Rep. Reschenthaler, Guy [R-PA-14]

    PA • R

    Sponsored 3/6/2025

  • Rep. Rogers, Mike D. [R-AL-3]

    AL • R

    Sponsored 3/6/2025

  • Rep. Rouzer, David [R-NC-7]

    NC • R

    Sponsored 3/6/2025

  • Rep. Valadao, David G. [R-CA-22]

    CA • R

    Sponsored 3/6/2025

  • Rep. Van Drew, Jefferson [R-NJ-2]

    NJ • R

    Sponsored 3/6/2025

  • Rep. Weber, Randy K. Sr. [R-TX-14]

    TX • R

    Sponsored 3/6/2025

  • Rep. Houchin, Erin [R-IN-9]

    IN • R

    Sponsored 3/6/2025

  • Rep. Hageman, Harriet M. [R-WY-At Large]

    WY • R

    Sponsored 3/6/2025

  • Rep. Langworthy, Nicholas A. [R-NY-23]

    NY • R

    Sponsored 3/6/2025

  • Rep. Gooden, Lance [R-TX-5]

    TX • R

    Sponsored 3/6/2025

  • Rep. Finstad, Brad [R-MN-1]

    MN • R

    Sponsored 3/6/2025

  • Rep. Fischbach, Michelle [R-MN-7]

    MN • R

    Sponsored 3/6/2025

  • Rep. Bean, Aaron [R-FL-4]

    FL • R

    Sponsored 3/6/2025

  • Rep. Amodei, Mark E. [R-NV-2]

    NV • R

    Sponsored 3/6/2025

  • Rep. Graves, Sam [R-MO-6]

    MO • R

    Sponsored 3/6/2025

  • Rep. Harshbarger, Diana [R-TN-1]

    TN • R

    Sponsored 3/6/2025

  • Rep. Crane, Elijah [R-AZ-2]

    AZ • R

    Sponsored 3/6/2025

  • Rep. Ciscomani, Juan [R-AZ-6]

    AZ • R

    Sponsored 3/6/2025

  • Rep. Baird, James R. [R-IN-4]

    IN • R

    Sponsored 3/6/2025

  • Rep. Kelly, Trent [R-MS-1]

    MS • R

    Sponsored 3/6/2025

  • Rep. Cammack, Kat [R-FL-3]

    FL • R

    Sponsored 3/6/2025

  • Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]

    TN • R

    Sponsored 3/6/2025

  • Rep. Murphy, Gregory F. [R-NC-3]

    NC • R

    Sponsored 3/6/2025

  • Rep. Bice, Stephanie I. [R-OK-5]

    OK • R

    Sponsored 3/6/2025

  • Rep. Carter, John R. [R-TX-31]

    TX • R

    Sponsored 3/6/2025

  • Rep. Johnson, Dusty [R-SD-At Large]

    SD • R

    Sponsored 3/6/2025

  • Rep. Clyde, Andrew S. [R-GA-9]

    GA • R

    Sponsored 3/6/2025

  • Rep. Tiffany, Thomas P. [R-WI-7]

    WI • R

    Sponsored 3/6/2025

  • Rep. Bergman, Jack [R-MI-1]

    MI • R

    Sponsored 3/6/2025

  • Rep. Van Duyne, Beth [R-TX-24]

    TX • R

    Sponsored 3/6/2025

  • Rep. Collins, Mike [R-GA-10]

    GA • R

    Sponsored 3/6/2025

  • Rep. Latta, Robert E. [R-OH-5]

    OH • R

    Sponsored 3/6/2025

  • Rep. Crenshaw, Dan [R-TX-2]

    TX • R

    Sponsored 3/6/2025

  • Rep. Ellzey, Jake [R-TX-6]

    TX • R

    Sponsored 3/6/2025

  • Rep. Issa, Darrell [R-CA-48]

    CA • R

    Sponsored 3/6/2025

  • Rep. Owens, Burgess [R-UT-4]

    UT • R

    Sponsored 3/6/2025

  • Rep. Perry, Scott [R-PA-10]

    PA • R

    Sponsored 3/6/2025

  • Rep. Zinke, Ryan K. [R-MT-1]

    MT • R

    Sponsored 3/6/2025

  • Rep. Higgins, Clay [R-LA-3]

    LA • R

    Sponsored 3/6/2025

  • Rep. Hinson, Ashley [R-IA-2]

    IA • R

    Sponsored 3/6/2025

  • Rep. Balderson, Troy [R-OH-12]

    OH • R

    Sponsored 3/6/2025

  • Rep. McCormick, Richard [R-GA-7]

    GA • R

    Sponsored 3/6/2025

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 3/6/2025

  • Rep. Wittman, Robert J. [R-VA-1]

    VA • R

    Sponsored 3/6/2025

  • Rep. Roy, Chip [R-TX-21]

    TX • R

    Sponsored 3/6/2025

  • Rep. McCaul, Michael T. [R-TX-10]

    TX • R

    Sponsored 3/6/2025

  • Rep. Rutherford, John H. [R-FL-5]

    FL • R

    Sponsored 3/6/2025

  • Rep. Smith, Adrian [R-NE-3]

    NE • R

    Sponsored 3/6/2025

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 3/6/2025

  • Rep. Crank, Jeff [R-CO-5]

    CO • R

    Sponsored 3/6/2025

  • Rep. Baumgartner, Michael [R-WA-5]

    WA • R

    Sponsored 3/6/2025

  • Rep. Mackenzie, Ryan [R-PA-7]

    PA • R

    Sponsored 3/6/2025

  • Rep. McDowell, Addison P. [R-NC-6]

    NC • R

    Sponsored 3/6/2025

  • Rep. Messmer, Mark B. [R-IN-8]

    IN • R

    Sponsored 3/6/2025

  • Rep. Schmidt, Derek [R-KS-2]

    KS • R

    Sponsored 3/6/2025

  • Rep. Taylor, David J. [R-OH-2]

    OH • R

    Sponsored 3/6/2025

  • Rep. Gill, Brandon [R-TX-26]

    TX • R

    Sponsored 3/6/2025

  • Rep. Guest, Michael [R-MS-3]

    MS • R

    Sponsored 3/6/2025

  • Rep. Goldman, Craig A. [R-TX-12]

    TX • R

    Sponsored 3/10/2025

  • Rep. Bentz, Cliff [R-OR-2]

    OR • R

    Sponsored 3/10/2025

  • Rep. Moore, Barry [R-AL-1]

    AL • R

    Sponsored 3/10/2025

  • Rep. Letlow, Julia [R-LA-5]

    LA • R

    Sponsored 3/10/2025

  • Rep. Ezell, Mike [R-MS-4]

    MS • R

    Sponsored 3/10/2025

  • Rep. Cole, Tom [R-OK-4]

    OK • R

    Sponsored 3/10/2025

  • Rep. Feenstra, Randy [R-IA-4]

    IA • R

    Sponsored 3/11/2025

  • Rep. Mann, Tracey [R-KS-1]

    KS • R

    Sponsored 3/11/2025

  • Rep. LaHood, Darin [R-IL-16]

    IL • R

    Sponsored 3/11/2025

  • Rep. Jackson, Ronny [R-TX-13]

    TX • R

    Sponsored 3/11/2025

  • Rep. Cline, Ben [R-VA-6]

    VA • R

    Sponsored 3/25/2025

  • Rep. Moran, Nathaniel [R-TX-1]

    TX • R

    Sponsored 3/25/2025

  • Rep. Guthrie, Brett [R-KY-2]

    KY • R

    Sponsored 3/25/2025

  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

    Sponsored 3/25/2025

  • Rep. Pfluger, August [R-TX-11]

    TX • R

    Sponsored 4/8/2025

  • Rep. Green, Mark E. [R-TN-7]

    TN • R

    Sponsored 4/8/2025

  • Rep. Stutzman, Marlin A. [R-IN-3]

    IN • R

    Sponsored 4/24/2025

  • Rep. Babin, Brian [R-TX-36]

    TX • R

    Sponsored 4/24/2025

  • Rep. Nehls, Troy E. [R-TX-22]

    TX • R

    Sponsored 4/24/2025

  • Rep. Kean, Thomas H. [R-NJ-7]

    NJ • R

    Sponsored 4/24/2025

  • Rep. Van Orden, Derrick [R-WI-3]

    WI • R

    Sponsored 4/24/2025

  • Rep. Bilirakis, Gus M. [R-FL-12]

    FL • R

    Sponsored 4/24/2025

  • Rep. Kennedy, Mike [R-UT-3]

    UT • R

    Sponsored 4/24/2025

  • Rep. Womack, Steve [R-AR-3]

    AR • R

    Sponsored 4/24/2025

  • Rep. Hern, Kevin [R-OK-1]

    OK • R

    Sponsored 4/24/2025

  • Rep. Stauber, Pete [R-MN-8]

    MN • R

    Sponsored 4/24/2025

  • Rep. McGuire, John J. [R-VA-5]

    VA • R

    Sponsored 4/24/2025

  • Rep. Bresnahan, Robert P. [R-PA-8]

    PA • R

    Sponsored 4/24/2025

  • Rep. Begich, Nicholas J. [R-AK-At Large]

    AK • R

    Sponsored 4/24/2025

  • Rep. Scott, Austin [R-GA-8]

    GA • R

    Sponsored 4/24/2025

  • Rep. Edwards, Chuck [R-NC-11]

    NC • R

    Sponsored 4/24/2025

  • Rep. Jack, Brian [R-GA-3]

    GA • R

    Sponsored 4/24/2025

  • Rep. Miller, Mary E. [R-IL-15]

    IL • R

    Sponsored 4/24/2025

  • Rep. Steube, W. Gregory [R-FL-17]

    FL • R

    Sponsored 5/5/2025

  • Rep. Rulli, Michael A. [R-OH-6]

    OH • R

    Sponsored 5/5/2025

Roll Call Votes

All Roll Calls

Yes: 219 • No: 210

house vote • 7/17/2025

On Passage

Yes: 219 • No: 210

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