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S 1124 · in committee · significant

Anti-CBDC Surveillance State Act

What this bill does

  • This bill prevents the Federal Reserve from issuing or offering digital dollars directly to individuals.
  • It affects the Federal Reserve's monetary policy operations and any future digital currency programs.
  • The prohibition takes effect upon enactment with specified exceptions for research purposes.

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Community Threads

Started by Cosponsor

  1. 01

    How would restricting the Federal Reserve from issuing digital dollars directly to individuals affect the government's ability to conduct monetary policy during financial crises?

  2. 02

    What specific surveillance risks does this bill aim to prevent, and how do those risks differ from existing digital payment systems?

  3. 03

    Which exceptions for research purposes would allow the Federal Reserve to study digital currencies, and could those exceptions limit the bill's practical effect?

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Sponsor · R-TX

Ted Cruz

Citizen cosponsors

0

In Congress

7/ 100

Senators cosponsoring

Introduced 2025-03-25

Joining the bill

Legislative timeline

  1. 2025-03-25 · senate · IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. 2025-03-25 · IntroReferral

    Introduced in Senate

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