CBDC Anti-Surveyance State Act

Congressman Tom Emmer has introduced a bill that would prohibit the Federal Reserve from actually issuing a CBDC directly to anyone. The bill is titled the CBDC Anti-Surveyance State Act. It details that, except as specifically authorized under this act, a Federal Reserve Bank may not offer products or services directly to an individual. And it goes on further to say that the Board of Governors of the Federal Reserve System and the FMOC committee cannot use any central bank digital currency to implement monetary policy.