Who Stands With Americans?H.R. 5403 · 118th Congress
No central bank digital currency
CBDC Anti-Surveillance State Act
What it does
Prohibits the Federal Reserve from issuing a central bank digital currency directly to individuals or using one to implement monetary policy.
Outcome
Passed the House on May 23, 2024. Not taken up by the Senate.
The test
| Pillar | Question | Answer | Why |
|---|---|---|---|
| Freedom | Does it protect or erode privacy, anonymity, speech, due process and the right to organize or sue? | Helps Americans | Prevents a programmable, fully traceable government currency. |
| Consensus | Where reliable polling exists, do most Americans across parties support or oppose it? | Helps Americans | Far more Americans oppose a CBDC than support one, across parties (Cato Institute national survey, 2023). |
Votes counted: House 216–192 on May 23, 2024.