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Official title: To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
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). 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 testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.
House floor actionsConsidered under the provisions of rule H. Res. 580. (consideration: CR H3427-3434)
Library of CongressPassed/agreed to in House: On passage Passed by the Yeas and Nays: 219 - 210 (Roll no. 201).
Floor Vote
Passed the House
House floor actionsRules 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.
House floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-92.
House committee actionsCommittee Consideration and Mark-up Session Held
Library of CongressIntroduced in House
House floor actionsReferred to the House Committee on Financial Services.
Introduced
Committee
Comments
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What Congress Said
Members who spoke about this bill on the floor, in their own words from the Congressional Record.
Republicans17 spoke
For the purpose of debate only, I yield the customary 30 minutes to the gentlewoman from Pennsylvania (Ms. Scanlon), pending which I yield myself such time as I may consume. During consideration of this resolution, all time yielded is for the purpose of debate only.
This bill has been before us in this House Chamber. We debated it in the last Congress. It has had the outstanding leadership support and advocacy by our majority whip here in the House, Mr. Tom Emmer of Minnesota. I rise in strong support.
I rise in strong support of my friend from Minnesota, Whip Emmer's bill, the Anti-CBDC Surveillance State Act, a bill I am proud to cosponsor. This bill would prohibit the Federal Reserve from issuing a central bank digital currency, or a CBDC, to anyone.
This bill is straightforward. It prevents unelected Washington bureaucrats from creating a financial surveillance tool that, if not done correctly, will fundamentally alter the lives of every American.
I rise in support of the rule and the underlying legislation. The four separate measures being considered under this rule all have a singular commonality. They serve to put American interests first, where they should always be.
I rise today in support of the rule for H.R. 3633, the Digital Asset Market Clarity Act of 2025 and H.R. 1919, the Anti-CBDC Surveillance State Act. Together, these bills provide much needed clarity on digital asset regulation and ensure critical consumer protections so Americans retain their financial freedom.
Any digital dollar must reflect our values of privacy and our First Amendment rights. This bill ensures our digital assets policy is in the hands of the American people, not the administrative state.
I rise in strong support of the Anti-CBDC Surveillance Act. I thank Whip Emmer for his leadership on this issue. He was actually one of the first in Congress to raise the alarm. Since then, the case has only grown stronger about the risks posed by U.S. CBDC.
President Trump understands the dangers of more government and more surveillance. It is why he issued an executive order prohibiting a CBDC. The vote before the House would make that ban permanent, and I urge my colleagues to support this bill.
This bill is about defending our Constitution and protecting the privacy of the American people. The Constitution is unambiguous in Article I, Section 8, which grants only Congress exclusive authority to coin money, regulate the value thereof, and of foreign coin.
The Biden administration started us down the road of adopting a Central Bank Digital Currency issued by the Federal Reserve without the consent of the American people or their Representatives here in Congress.
At the center of that effort is the Anti-CBDC Surveillance State Act. This bill ensures that no central bank digital currency will be created under the Federal Reserve. We have seen what that looks like in Communist China where the CCP uses it to track, monitor, and control their people, but not here, Mr. Speaker.
Although Bitcoin has been around for over 15 years, cryptocurrencies and related decentralized financial products have exploded in the past few years. Many Americans now own cryptocurrencies, and the industry has seen significant growth.
There are two types of CBDCs, and this bill bans both of them. A retail CBDC is made available directly to consumers from the Federal Reserve, from a bank, or other Federal institutions. A wholesale CBDC is not available to the public but only to the banks and other financial institutions.
I rise in strong opposition to H.R. 1919, the so-called Anti-CBDC Surveillance State Act. At the expense of U.S. global economic leadership, this misguided legislation would prevent the Federal Reserve from issuing a central bank digital currency, also known as a CBDC.
Last night, the Speaker's Rules Committee voted to block my amendment that called for the full release of the Epstein files while protecting the victims' identity.
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