H.R. 5403 explained · 118th Congress · Not enacted (118th Congress ended)
CBDC Anti-Surveillance State Act
Cosponsors: 165 (0 D, 165 R) · per Congress.gov, 2026-10-11
Introduced: 2023-09-12
Latest action (2024-06-03): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What H.R. 5403 does, in plain terms
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.
Official summary by the Congressional Research Service, via Congress.gov.
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