# 119-s-1124: Anti-CBDC Surveillance State Act

119-s-1124, Anti-CBDC Surveillance State Act, is a 119th Congress bill sponsored by Sen. Cruz, Ted [R-TX] (R-TX); status introduced; PRIA reads it as touching household money (as of 2026-05-13).

- Canonical: https://policyrisk.com/legislation/119-s-1124
- As of: 2026-05-13
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1124
- Congress: 119
- Title: Anti-CBDC Surveillance State Act
- Status: introduced
- Introduced: 2025-03-25
- Sponsor: Sen. Cruz, Ted [R-TX] (R-TX)
- Cosponsors: 8
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-05-13

## Summary

**Bans the Federal Reserve from issuing a central bank digital currency (CBDC).** The bill would stop Federal Reserve banks from offering accounts or services to individuals and would block the Fed from creating, testing, or using a CBDC or any substantially similar digital asset. It defines CBDC as a digital form of money that is a direct liability of the Federal Reserve and widely available to the public. - Families and individuals: Prevents the Fed from holding accounts for people or issuing a government digital dollar aimed at the general public, which the bill frames as protecting privacy and the current cash model. - Banks and intermediaries: Bars the Fed from indirectly issuing a CBDC through a bank or other intermediary, leaving customer-facing accounts and services with private institutions. - Federal Reserve operations: Prohibits the Board of Governors and the Federal Open Market Committee from researching, testing, developing, or using a CBDC for monetary policy. - Digital currency developers: Explicitly preserves the ability to create a dollar-denominated currency that is open, permissionless, private, and maintains privacy protections similar to coins and cash. The bill also states the sense of Congress that the Fed does not have authority to issue a CBDC unless Congress grants that authority under Article I, section 8 of the Constitution.

## Cosponsors (8)

- Sen. Budd, Ted [R-NC] (R-NC), 2025-03-25T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2025-03-25T00:00:00.000Z
- Sen. Tillis, Thomas [R-NC] (R-NC), 2025-03-25T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2025-04-03T00:00:00.000Z
- Sen. Lummis, Cynthia M. [R-WY] (R-WY), 2025-07-16T00:00:00.000Z
- Sen. Husted, Jon [R-OH] (R-OH), 2026-01-08T00:00:00.000Z
- Sen. Hagerty, Bill [R-TN] (R-TN), 2026-02-09T00:00:00.000Z
- Sen. Scott, Rick [R-FL] (R-FL), 2026-05-11T00:00:00.000Z

## Provisions PRIA read

- Ban on Federal Reserve digital dollar: mixed, high. This bill would ban the Federal Reserve from testing, creating, or issuing a U.S. central bank digital currency (CBDC). It would bar Fed banks from holding accounts for individuals or offering services directly or through intermediaries. The bill would define CBDC as dollar-denominated digital mone…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-401: Fair Access to Banking Act
- 119-s-587: Death Tax Repeal Act of 2025
- 119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025
- 119-s-213: Main Street Tax Certainty Act

## Sources
- [119-s-1124 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1124)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [119-s-587: Death Tax Repeal Act of 2025](https://policyrisk.com/legislation/119-s-587)
- [119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-s-186)
- [119-s-213: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-s-213)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1124 (as of 2026-05-13).