CONGRESS FOR VOTERS

RepublicanBill · S. 1124· Senate(119-S-1124)

Anti-CBDC Surveillance State Act

Rep. Cruz
Age: 56 years
Texas
Introduced
3/25/2025
Last activity
3/25/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Ted Cruz
Cosponsors
Republican - 8Democrat - 0
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Anti-CBDC Surveillance State Act," seeks to amend the Federal Reserve Act. It aims to prevent Federal Reserve banks from offering specific products or services directly to individuals. Additionally, it prohibits the issuance of a central bank digital currency, or similar digital assets, either directly or indirectly through intermediaries. The bill also restricts the Board of Governors and the Federal Open Market Committee from using such digital currencies to implement monetary policy. Finally, it clarifies that the Board of Governors may not test, study, develop, create, or implement these digital assets.

Yes

  • Does this protect people from being watched or searched?+8

    The bill safeguards individual financial privacy by preventing the creation of a programmable digital currency.

  • Does this give people more control over their personal data?+7

    By prohibiting a CBDC, the bill protects individual financial privacy and prevents centralized digital tracking.

  • Does this give people more protection from unfair business practices?+5

    The bill protects consumer privacy by preventing the implementation of a centralized digital currency system.

The opposite

  • Does this give the government more power to monitor people inside the country?-5

    The bill prevents new forms of domestic surveillance through a central bank digital currency.

  • Does this give the federal government more power?-5

    The bill restricts the expansion of Federal Reserve power by prohibiting the issuance of a digital currency.