Passed House·Last action 309 days ago

Bill would ban the Fed from creating a government-run digital dollar

Officially: Anti-CBDC Surveillance State Act

The Federal Reserve would be blocked from creating, testing, or even studying a digital version of the U.S. dollar for public use. The ban covers both direct and indirect ways of offering a digital dollar to people. Private digital currencies that protect privacy like cash would still be allowed.

Where it stands

Passed House. Now before the Senate.

This is the moment to act.

What this bill actually does

Federal Reserve banks would be banned from offering financial products or services directly to individuals and from holding accounts for them.
The Fed would be prohibited from issuing a central bank digital currency or any substantially similar digital asset, no matter what it is called.
The Fed could not offer a CBDC to individuals indirectly by working through banks or other middlemen.

↓ Why your message matters here

This bill passed the House and is now before the Senate — this is the moment to act.

Where your representatives stand

Enter your ZIP to see how your senators and member of Congress have voted, sponsored, or spoken on this bill.

The debate

What people are saying about this bill

✓Arguments in support

Protection of Financial Privacy: Supporters believe the bill will prevent the government from tracking every transaction, protecting individual privacy.
Prevention of Government Overreach: The bill ensures that any decision to create a digital dollar must go through Congress, preserving democratic oversight.
Preservation of Private Banking: By stopping the Federal Reserve from acting like a bank, the bill protects the role of private banks in the economy.

✕Arguments against

Loss of Global Competitiveness: Critics argue that not having a digital dollar could make the U.S. fall behind other countries like China, which already has a digital currency.
Reduced Financial Inclusion: A digital dollar could help people without bank accounts access digital payments, and blocking it might leave them out.
Limited Monetary Policy Tools: Opponents say that a digital dollar could give the Federal Reserve new ways to manage the economy, especially in crises.

Where this bill is in the process

Legislative timeline

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Introduced

Introduced in House

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House Committee

Under House committee consideration

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House Floor Vote

Voted on by House

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Passed House

Approved by House

Latest: 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) (7/17/2025)

JUL 17

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Senate Review

Sent to Senate for consideration

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Passed Both Chambers

Approved by both House and Senate

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Signed into Law

Signed by the President

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Bill would ban the Fed from creating a government-run digital dollar

Where your representatives stand

What people are saying about this bill

Legislative timeline

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