To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Immigration.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HA88389DE2F1340ECB61AFAD09C748044: 1. Short title This Act may be cited as the CBDC Anti-Surveillance State Act.
- Section HB958BA436D3B4DED817690C2DB758D98: 2. Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital...
- Section H3B8DEF3460484E16BBB061F6658D3011: 3. Prohibition on Federal reserve banks indirectly issuing a central bank digital currency Section 16 of the Federal Reserve Act, as amended by section 2, is...
- Section HF0526F16EE574FE2AA62986289033977: 4. Prohibition on the use of central bank digital currency for monetary policy Section 16 of the Federal Reserve Act, as amended by section 3, is further...
- Section H7C0DAA5D46804588A84BDA3FADF8CFC5: 5. Central bank digital currency The Federal Reserve Act (12 U.S.C. 221 et seq.) is amended by inserting after section 16 the following: 16A.Central bank...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Immigration
Primary Purpose
This bill, To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
ReportedReceived; read twice and referred to the Committee on Banking, …
Additional sponsors: Mr. Green of Tennessee, Mr. Babin, Mr. Burlison, …
Reported with an amendment, committed to the Committee of the …
Mr. Emmer (for himself, Mr. Bacon, Mr. Biggs, Mr. Bost, …
Mr. Emmer (for himself, Mr. Bacon, Mr. Biggs, Mr. Bost, …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Commercial banks acting as CBDC intermediaries, Commercial banks and credit unions, Federal Reserve Board of Governors
Positive-direction: Commercial banks and credit unions
Negative-direction: Commercial banks acting as CBDC intermediaries, Federal Reserve Board of Governors, Federal Reserve Board of Governors and Federal Reserve banks, Federal Reserve banks
Cryptocurrency exchanges, Cryptocurrency exchanges and digital wallet providers, Decentralized stablecoin issuers
Decentralized finance platforms, Digital payment platforms, Existing cryptocurrency and fintech companies
Positive-direction: Decentralized finance platforms, Digital payment platforms, Existing cryptocurrency and fintech companies, Open-source digital currency developers, Private digital currency and payment companies
Negative-direction: Technology companies seeking Fed CBDC contracts
Treasury Department, Treasury Department and Secretary of the Treasury
Consulting firms specializing in digital currency
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology