H.R. 5403 · 118th Congress · House

CBDC Anti-Surveillance State Act

In Congress· Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Sep 12, 23
Passed House
May 23, 24
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

CBDC Anti-Surveillance State Act

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) directly or indirectly to an individual. 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 issuing a central bank digital currency.

Previous Versions

00Sep 12, 2023

CBDC Anti-Surveillance State Act

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) directly or indirectly to an individual. Further, The Board of Governors of the Federal Reserve System and the Federal Open Market Committee are prohibited from using a central bank digital currency to implement monetary policy.

Action Timeline

27
  1. JUN 03, 2024IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. MAY 23, 2024Floor

    Considered under the provisions of rule H

    Res. 1243. (consideration: H3496-3509)

    3496Yea
    3509Nay
    0NV
  3. MAY 23, 2024Floor

    Rule provides for consideration of H.R

    4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.

  4. MAY 23, 2024Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1243 and Rule XVIII.

  5. MAY 23, 2024Floor

    The Speaker designated the Honorable Clay Higgins to act as Chairman of the Committee.

  6. MAY 23, 2024Floor

    GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 5403.

  7. MAY 23, 2024Floor

    DEBATE - Pursuant to the provisions of H.Res

    1243, the Committee of the Whole proceeded with 10 minutes of debate on the Ogles amendment No. 1.

  8. MAY 23, 2024Floor

    POSTPONED PROCEEDINGS - At the conclusion of debate on the Ogles amendment No

    1, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.

  9. MAY 23, 2024Floor

    DEBATE - Pursuant to the provisions of H.Res

    1243, the Committee of the Whole proceeded with 10 minutes of debate on the Mooney amendment No. 2.

  10. MAY 23, 2024Floor

    POSTPONED PROCEEDINGS - At the conclusion of debate on the Mooney amendment No

    2, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.

  11. MAY 23, 2024Floor

    DEBATE - Pursuant to the provisions of H.Res

    1243, the Committee of the Whole proceeded with 10 minutes of debate on the Davidson amendment No. 3.

  12. MAY 23, 2024Floor

    POSTPONED PROCEEDINGS - At the conclusion of debate on the Davidson amendment No. 3, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.

  13. MAY 23, 2024Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 5403.

  14. MAY 23, 2024Floor

    The previous question was ordered pursuant to the rule.

  15. MAY 23, 2024Floor

    The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.

  16. MAY 23, 2024Floor

    Passed/agreed to in House

    Roll Call #230

    On passage Passed by recorded vote: 216 - 192 (Roll no. 230).

    216Yea
    192Nay
    0NV
  17. MAY 23, 2024Floor

    On passage Passed by recorded vote

    Roll Call #230

    216 - 192 (Roll no. 230).

    216Yea
    192Nay
    0NV
  18. MAY 23, 2024Floor

    Motion to reconsider laid on the table Agreed to without objection.

  19. MAY 21, 2024Floor

    Rules Committee Resolution H

    Res. 1243 Reported to House. Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.

  20. MAY 07, 2024Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-493.

    118Yea
    493Nay
    0NV
  21. MAY 07, 2024Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-493.

    118Yea
    493Nay
    0NV
  22. MAY 07, 2024Calendars

    Placed on the Union Calendar, Calendar No. 409.

  23. SEP 20, 2023Committee

    Committee Consideration and Mark-up Session Held

  24. SEP 20, 2023Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 20.

    27Yea
    20Nay
    0NV
  25. SEP 12, 2023IntroReferral

    Introduced in House

  26. SEP 12, 2023IntroReferral

    Introduced in House

  27. SEP 12, 2023IntroReferral

    Referred to the House Committee on Financial Services.

Committees

4

Banking, Housing, and Urban Affairs Committee

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Referred: Jun 3, 2024

Active

Financial Services Committee

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Referred: May 7, 2024

Active

Financial Services Committee

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Referred: Sep 20, 2023

Active

Financial Services Committee

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Referred: Sep 12, 2023

Active