HR1919119th CongressWALLET

Anti-CBDC Surveillance State Act

Sponsored By: Representative Emmer

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

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

  • Hudson

    NC • R

    Sponsored 3/6/2025

  • Rep. Ogles, Andrew [R-TN-5]

    TN • R

    Sponsored 3/6/2025

  • Bost

    IL • R

    Sponsored 3/6/2025

  • Franklin, Scott

    FL • R

    Sponsored 3/6/2025

  • Greene (GA)

    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

  • Davidson

    OH • R

    Sponsored 3/6/2025

  • Kiley (CA)

    CA • I

    Sponsored 3/6/2025

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 3/6/2025

  • Fitzgerald

    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

  • Lucas

    OK • R

    Sponsored 3/6/2025

  • Sessions

    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

  • Barr

    KY • R

    Sponsored 3/6/2025

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 3/6/2025

  • Loudermilk

    GA • R

    Sponsored 3/6/2025

  • Rose

    TN • R

    Sponsored 3/6/2025

  • Rep. Steil, Bryan [R-WI-1]

    WI • R

    Sponsored 3/6/2025

  • Timmons

    SC • R

    Sponsored 3/6/2025

  • Norman

    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

  • Salazar

    FL • R

    Sponsored 3/6/2025

  • Haridopolos

    FL • R

    Sponsored 3/6/2025

  • Rep. Downing, Troy [R-MT-2]

    MT • R

    Sponsored 3/6/2025

  • Moore (NC)

    NC • R

    Sponsored 3/6/2025

  • Rep. Bacon, Don [R-NE-2]

    NE • R

    Sponsored 3/6/2025

  • Brecheen

    OK • R

    Sponsored 3/6/2025

  • Kelly (PA)

    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

  • Reschenthaler

    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

  • Van Drew

    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

  • Hageman

    WY • R

    Sponsored 3/6/2025

  • Langworthy

    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

  • Bean (FL)

    FL • R

    Sponsored 3/6/2025

  • Amodei (NV)

    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

  • Crane

    AZ • R

    Sponsored 3/6/2025

  • Ciscomani

    AZ • R

    Sponsored 3/6/2025

  • Rep. Baird, James R. [R-IN-4]

    IN • R

    Sponsored 3/6/2025

  • Kelly (MS)

    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

  • Johnson (SD)

    SD • R

    Sponsored 3/6/2025

  • Rep. Clyde, Andrew S. [R-GA-9]

    GA • R

    Sponsored 3/6/2025

  • Tiffany

    WI • R

    Sponsored 3/6/2025

  • Rep. Bergman, Jack [R-MI-1]

    MI • R

    Sponsored 3/6/2025

  • Van Duyne

    TX • R

    Sponsored 3/6/2025

  • Rep. Collins, Mike [R-GA-10]

    GA • R

    Sponsored 3/6/2025

  • Latta

    OH • R

    Sponsored 3/6/2025

  • Crenshaw

    TX • R

    Sponsored 3/6/2025

  • Ellzey

    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

  • Balderson

    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

  • Wittman

    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

  • Rutherford

    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

  • McDowell

    NC • R

    Sponsored 3/6/2025

  • Messmer

    IN • R

    Sponsored 3/6/2025

  • Schmidt

    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

  • Goldman (TX)

    TX • R

    Sponsored 3/10/2025

  • Bentz

    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

  • Cole

    OK • R

    Sponsored 3/10/2025

  • Feenstra

    IA • R

    Sponsored 3/11/2025

  • Rep. Mann, Tracey [R-KS-1]

    KS • R

    Sponsored 3/11/2025

  • LaHood

    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

  • Pfluger

    TX • R

    Sponsored 4/8/2025

  • Green (TN)

    TN • R

    Sponsored 4/8/2025

  • Stutzman

    IN • R

    Sponsored 4/24/2025

  • Babin

    TX • R

    Sponsored 4/24/2025

  • Nehls

    TX • R

    Sponsored 4/24/2025

  • Kean

    NJ • R

    Sponsored 4/24/2025

  • Rep. Van Orden, Derrick [R-WI-3]

    WI • R

    Sponsored 4/24/2025

  • Bilirakis

    FL • R

    Sponsored 4/24/2025

  • Rep. Kennedy, Mike [R-UT-3]

    UT • R

    Sponsored 4/24/2025

  • Womack

    AR • R

    Sponsored 4/24/2025

  • Hern (OK)

    OK • R

    Sponsored 4/24/2025

  • Stauber

    MN • R

    Sponsored 4/24/2025

  • McGuire

    VA • R

    Sponsored 4/24/2025

  • Bresnahan

    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

  • Edwards

    NC • R

    Sponsored 4/24/2025

  • Jack

    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

View on Congress.gov
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