House · HR 1919 · 119th Congress
Anti-CBDC Surveillance State Act
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Summary
This bill bans the Federal Reserve from creating or issuing a digital dollar, also called a central bank digital currency. It also stops the Fed from offering bank accounts or financial services directly to people. The ban covers both direct and indirect ways the Fed could launch a digital currency.
In Favor
A government-issued digital dollar could let the Fed track every purchase citizens make. This bill blocks that from ever happening, protecting financial privacy for all Americans. Congress would keep full control over any future decision to create a digital currency.
Against
This bill permanently blocks the Fed from even studying a digital dollar as an option. Other countries are already building digital currencies, and the US could fall behind without any research. Lawmakers may later want more flexibility, but this law would make that harder to achieve.
Additional Considerations
Purpose & Problem
Is the problem real and worth federal action?
The bill changes the Federal Reserve Act to stop the Federal Reserve from creating or using a digital dollar, called a central bank digital currency, for any purpose including setting money policy.
Scope & Related Provisions
Does it stay focused, or carry unrelated add-ons?
The provisions stay on topic, all focusing on blocking the Federal Reserve and its Board from creating, testing, studying, or using a central bank digital currency in any form.
Who Is Affected
Who benefits, and who bears the cost?
The bill places new limits on the Federal Reserve and its Board of Governors. Private banks, other financial go-betweens, and individual Americans are also covered by the bill's rules.
Cost & Funding
Is it affordable and responsibly funded?
The bill does not authorize or appropriate any dollar amount. It works by removing certain powers from the Federal Reserve, which shifts rule-writing and compliance duties to the agency rather than spending or raising federal money.
Risks & Implementation
What could go wrong in practice?
The bill requires the Federal Reserve to stay within new boundaries across multiple parts of its current law, which means the agency must track whether any new digital money tool qualifies as a central bank digital currency under the bill's definition.
For the actual bill text, see congress.gov.
AI-generated · Published 6/5/2026