H.R. 5403
Bans a Federal Reserve digital currency, which supporters say would enable government tracking of payments.
Medium confidence
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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.
Summary by the Congressional Research Service, reported to house version.
On Passage, May 23, 2024 · Passed