HR1919-119
Passed HouseAnti-CBDC Surveillance State Act
Terri A. Sewell’s recorded connection
1 recorded vote on this bill
- Voted Nay — On Passage, Jul 17, 2025
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Potential benefit to Private digital-asset firms
Lower barriers to participation
This clause introduces a compliance mandate: Prohibits Federal Reserve Board from testing, studying, developing, or implementing any central bank digital currency; bars use of CBDC for monetary policy; excepts open permissionless private currencies. It is likely beneficial for Private cryptocurrency providers (barrier to entry down) and Commercial banks (barrier to entry down). It likely creates costs, burdens, barriers, or risks for Federal Reserve Board of Governors (compliance burden up).
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Potential benefit to Private digital-asset firms
Lower barriers to participation
This clause introduces a compliance mandate: Prohibits Federal Reserve from issuing CBDC indirectly through financial institutions or intermediaries. It is likely beneficial for Financial institutions acting as intermediaries (compliance burden down). It likely creates costs, burdens, barriers, or risks for Federal Reserve Banks (compliance burden up).
-
Potential benefit to Private digital-asset firms
Lower barriers to participation
This clause introduces a compliance mandate: Prohibits Federal Reserve Board from testing, studying, developing, or implementing any central bank digital currency; bars use of CBDC for monetary policy; excepts open permissionless private currencies. It is likely beneficial for Private cryptocurrency providers (barrier to entry down) and Commercial banks (barrier to entry down). It likely creates costs, burdens, barriers, or risks for Federal Reserve Board of Governors (compliance burden up).
-
Potential benefit to Private digital-asset firms
Lower barriers to participation
This clause introduces a compliance mandate: Prohibits Federal Reserve from issuing CBDC indirectly through financial institutions or intermediaries. It is likely beneficial for Financial institutions acting as intermediaries (compliance burden down). It likely creates costs, burdens, barriers, or risks for Federal Reserve Banks (compliance burden up).
-
Potential benefit to Private digital-asset firms
Lower barriers to participation
This clause introduces a compliance mandate: Prohibits Federal Reserve Board from testing, studying, developing, or implementing any central bank digital currency; bars use of CBDC for monetary policy; excepts open permissionless private currencies. It is likely beneficial for Private cryptocurrency providers (barrier to entry down) and Commercial banks (barrier to entry down). It likely creates costs, burdens, barriers, or risks for Federal Reserve Board of Governors (compliance burden up).
-
Potential benefit to Private digital-asset firms
Lower barriers to participation
This clause introduces a compliance mandate: Prohibits Federal Reserve from issuing CBDC indirectly through financial institutions or intermediaries. It is likely beneficial for Financial institutions acting as intermediaries (compliance burden down). It likely creates costs, burdens, barriers, or risks for Federal Reserve Banks (compliance burden up).
-
Potential benefit to Private digital-asset firms
Lower barriers to participation
This clause introduces a compliance mandate: Prohibits Federal Reserve Board from testing, studying, developing, or implementing any central bank digital currency; bars use of CBDC for monetary policy; excepts open permissionless private currencies. It is likely beneficial for Private cryptocurrency providers (barrier to entry down) and Commercial banks (barrier to entry down). It likely creates costs, burdens, barriers, or risks for Federal Reserve Board of Governors (compliance burden up).