Legislation Search

H.R. 1919: Anti-CBDC Surveillance State Act

This bill, known as the Anti-CBDC Surveillance State Act, aims to amend the Federal Reserve Act in several specific ways regarding central bank digital currencies (CBDCs). Below are the main points of what the bill would do:

Prohibition on Individual Services by Federal Reserve Banks

The bill prohibits Federal Reserve banks from:

Offering products or services directly to individuals.
Maintaining accounts for individuals.
Issuing a central bank digital currency or any digital asset similar to it under any name.

Indirect Issuance of CBDCs

The bill also prevents Federal Reserve banks from indirectly issuing a central bank digital currency through financial institutions or other intermediaries. This means that financial institutions could not provide a CBDC to individuals even if facilitated by the Federal Reserve banks.

Direct Prohibition on CBDCs

Further, the bill specifically prohibits the Board of Governors of the Federal Reserve System from:

Testing, studying, developing, creating, or implementing a CBDC or similar digital asset.
Using a CBDC to implement monetary policy.

However, the bill clarifies that it does not prevent the creation of dollar-denominated currencies that are open, permissionless, private, and maintain the privacy protections of physical currency.

Definition and Authority Regarding CBDCs

The bill defines a central bank digital currency as digital money or monetary value that:

Is denominated in the national unit of account.
Represents a direct liability of the Federal Reserve System.
Is widely available to the general public.

Additionally, the bill states that Congress believes the Federal Reserve currently does not have the authority to issue a central bank digital currency unless granted by Congress.

Overall Intent

The intent of the bill is to restrict the powers of the Federal Reserve in regards to creating and managing any form of central bank digital currency, thereby aiming to prevent a potential surveillance state via digital means.

Relevant Companies

None found.

This is an AI-generated summary of the bill text. There may be mistakes.

Actions

16 actions

Date	Action
Jul. 17, 2025	Considered as unfinished business. (consideration: CR H3450)
Jul. 17, 2025	Considered under the provisions of rule H. Res. 580. (consideration: CR H3427-3434)
Jul. 17, 2025	DEBATE - The House proceeded with one hour of debate on H.R. 1919.
Jul. 17, 2025	Motion to reconsider laid on the table Agreed to without objection.
Jul. 17, 2025	On passage Passed by the Yeas and Nays: 219 - 210 (Roll no. 201). (text of amendment in the nature of a substitute: CR H3427-3428)
Jul. 17, 2025	Passed/agreed to in House: On passage Passed by the Yeas and Nays: 219 - 210 (Roll no. 201).
Jul. 17, 2025	POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 1919, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jul. 17, 2025	Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.
Jul. 17, 2025	The previous question was ordered pursuant to the rule.
Jul. 15, 2025	Rules Committee Resolution H. Res. 580 Reported to House. Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.
May. 06, 2025	Placed on the Union Calendar, Calendar No. 66.
May. 06, 2025	Reported (Amended) by the Committee on Financial Services. H. Rept. 119-92.
Apr. 02, 2025	Committee Consideration and Mark-up Session Held
Apr. 02, 2025	Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.
Mar. 06, 2025	Introduced in House
Mar. 06, 2025	Referred to the House Committee on Financial Services.

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