119th Congress
S. 1124
Anti-CBDC Surveillance State Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Ted Cruz(R-TX)
- Introduced
- Mar 25, 2025
- Policy area
- Finance and Financial Sector
- Committees
- Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (8)
Original cosponsors (3)
- Kevin Cramer (R-ND)
- Ted Budd (R-NC)
- Thom Tillis (R-NC)
Added later (5)
- Bernie Moreno (R-OH) · Apr 3, 2025
- Cynthia M. Lummis (R-WY) · Jul 16, 2025
- Jon Husted (R-OH) · Jan 8, 2026
- Bill Hagerty (R-TN) · Feb 9, 2026
- Rick Scott (R-FL) · May 11, 2026
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” version
Anti-CBDC 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). 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 testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.
Roll-call votes
No recorded votes on this bill.
Actions
- Mar 25, 2025 · Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Mar 25, 2025
Introduced in Senate