S. 1124 Introduced Finance and Financial Sector

Anti-CBDC Surveillance State Act

A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank currency for monetary policy, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Cruz, Ted [R-TX] Introduced March 25, 2025 Cosponsors 8 (8 R) Latest action March 25, 2025

Summary

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Mar 25, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Mar 25, 2025 Introduced in Senate

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