CBDC Anti-Surveillance State Act

Bill: 118-hr-5403
Sponsor: Rep. Emmer, Tom [R-MN-6]
Introduced: 2023-09-12 in the House
Policy area: Finance and Financial Sector
Subjects: Bank accounts, deposits, capital
Computers and information technology
Currency
Digital media
Financial services and investments

Summary:
action_date: 2023-09-12
text: 

CBDC Anti-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) directly or indirectly to an individual. Further, The Board of Governors of the Federal Reserve System and the Federal Open Market Committee are prohibited from using a central bank digital currency to implement monetary policy.

action_date: 2024-05-07
text: 

CBDC Anti-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) directly or indirectly to an individual. 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 issuing a central bank digital currency.
 

Legislative actions:
action_date: 2024-06-03
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2024-05-23
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2024-05-23
text: On passage Passed by recorded vote: 216 - 192 (Roll no. 230).
action_date: 2024-05-23
text: Passed/agreed to in House: On passage Passed by recorded vote: 216 - 192 (Roll no. 230).
action_date: 2024-05-23
text: The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.
action_date: 2024-05-23
text: The previous question was ordered pursuant to the rule.
action_date: 2024-05-23
text: The House rose from the Committee of the Whole House on the state of the Union to report H.R. 5403.
action_date: 2024-05-23
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Davidson amendment No. 3, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
action_date: 2024-05-23
text: DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Davidson amendment No. 3.
action_date: 2024-05-23
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Mooney amendment No. 2, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
action_date: 2024-05-23
text: DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Mooney amendment No. 2.
action_date: 2024-05-23
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Ogles amendment No. 1, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
action_date: 2024-05-23
text: DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Ogles amendment No. 1.
action_date: 2024-05-23
text: GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 5403.
action_date: 2024-05-23
text: The Speaker designated the Honorable Clay Higgins to act as Chairman of the Committee.
action_date: 2024-05-23
text: House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1243 and Rule XVIII.
action_date: 2024-05-23
text: Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.
action_date: 2024-05-23
text: Considered under the provisions of rule H. Res. 1243. (consideration: H3496-3509)
action_date: 2024-05-21
text: Rules Committee Resolution H. Res. 1243 Reported to House. Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.
action_date: 2024-05-07
text: Placed on the Union Calendar, Calendar No. 409.
action_date: 2024-05-07
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-493.
action_date: 2024-05-07
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-493.
action_date: 2023-09-20
text: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 20.
action_date: 2023-09-20
text: Committee Consideration and Mark-up Session Held
action_date: 2023-09-12
text: Referred to the House Committee on Financial Services.
action_date: 2023-09-12
text: Introduced in House
action_date: 2023-09-12
text: Introduced in House