Anti-CBDC Surveillance State Act

# Anti-CBDC Surveillance State Act Summary **What the bill does:** This legislation would prevent the Federal Reserve from creating a digital version of the U.S. dollar (called a central bank digital currency or CBDC) and from offering banking services directly to individual Americans. It also prohibits the Federal Reserve from researching, testing, or using a digital currency to carry out monetary policy. The bill includes some exceptions for specific circumstances. **Who it affects:** The primary impact would be on the Federal Reserve's operations and future financial policy options.

It could also affect American consumers by limiting potential digital payment alternatives the Fed might otherwise develop, and it influences how the U.S. approaches digital currency technology compared to other countries. **Current status:** The bill passed the House of Representatives. It now moves to the Senate for consideration. The measure reflects concerns from some lawmakers about privacy and government surveillance through digital currency systems, though supporters of CBDCs argue they could modernize the financial system and improve payment efficiency.