Bills · 118th Congress · Finance and Financial Sector

CBDC Anti-Surveillance State Act

Where it stands

  1. Introduced9/12/23
  2. Passed HousePassed 5/23/24
  3. Senate
  4. President
  5. Law

Passed the House 216–192 on May 23, 2024 (Roll Call 230 →). Received in the Senate on June 3, 2024. No Senate action since.

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Roll calls on this bill

Votes on passage
HouseOn Passage · 5/23/24PassageThe vote on whether this chamber approves the measure — usually by a simple majority of those voting. It becomes law only once both chambers pass the same text and the president signs it, or Congress overrides a veto.House: The Legislative Process ↗
Passed
  • Democratic3 Yea · 192 Nay · 18 Not voting
  • Republican213 Yea · 0 Nay · 4 Not voting
  • Independent / Other0 Yea · 0 Nay · 0 Not voting
Official summary (CRS)

CBDC Anti-Surveillance State Act

This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar) directly or indirectly to an individual. Further, The Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from issuing a central bank digital currency.

Full text on congress.gov ↗
Sponsor
Rep. Tom Emmer ( Republican · MN-6)
Cosponsors
165
Introduced
9/12/23
Policy area
Finance and Financial Sector

What happens next

The Senate must pass the same text, then it goes to the President.

If it isn't enacted by Jan 3, 2025, it expires when the 118th Congress ends.

All actions (25)
  1. 9/12/23Introduced in House
  2. 9/12/23Referred to the House Committee on Financial Services.
  3. 9/20/23Committee Consideration and Mark-up Session Held
  4. 9/20/23Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 20.
  5. 5/7/24Reported (Amended) by the Committee on Financial Services. H. Rept. 118-493.
  6. 5/7/24Placed on the Union Calendar, Calendar No. 409.
  7. 5/21/24Rules Committee Resolution H. Res. 1243 Reported to House. Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.
  8. 5/23/24Considered under the provisions of rule H. Res. 1243. (consideration: H3496-3509)
  9. 5/23/24Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.
  10. 5/23/24House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1243 and Rule XVIII.
  11. 5/23/24The Speaker designated the Honorable Clay Higgins to act as Chairman of the Committee.
  12. 5/23/24GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 5403.
  13. 5/23/24DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Ogles amendment No. 1.
  14. 5/23/24POSTPONED PROCEEDINGS - At the conclusion of debate on the Ogles amendment No. 1, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
  15. 5/23/24DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Mooney amendment No. 2.
  16. 5/23/24POSTPONED PROCEEDINGS - At the conclusion of debate on the Mooney amendment No. 2, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
  17. 5/23/24DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Davidson amendment No. 3.
  18. 5/23/24POSTPONED PROCEEDINGS - At the conclusion of debate on the Davidson amendment No. 3, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
  19. 5/23/24The House rose from the Committee of the Whole House on the state of the Union to report H.R. 5403.
  20. 5/23/24The previous question was ordered pursuant to the rule.
  21. 5/23/24The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.
  22. 5/23/24Passed/agreed to in House: On passage Passed by recorded vote: 216 - 192 (Roll no. 230).
  23. 5/23/24On passage Passed by recorded vote: 216 - 192 (Roll no. 230).
  24. 5/23/24Motion to reconsider laid on the table Agreed to without objection.
  25. 6/3/24Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.