The record

LegislationLegislation· Jul 2025
HR 1919 Passed House — in Senate

Sponsored by Tom Emmer (R)

Anti-CBDC Surveillance State Act

Bars the Federal Reserve from creating a digital dollar or offering banking services directly to individuals.

Tradeoff

Prohibits Federal Reserve digital currency development and direct retail banking services. No spending or revenue impacts cited.

What's in it

See official bill text

Increases revenues by an insignificant amount (between -$500,000 and $500,000) over the 2025-2035 period.

The federal cost is minimal because the bill's primary effect is prohibiting the Federal Reserve from conducting certain activities rather than creating new federal spending or revenue changes—the real impact falls on the Federal Reserve's operations and any future plans for digital currency development.

H.R. 1919, Anti-CBDC Surveillance State Act · Jun 2025

Passed the House 219-210 on July 17, 2025 — sitting in the Senate.

  1. House

    Introduced

    (Mar 6, 2025)

  2. House

    Committee on Financial Services(Mar 6, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 27 - 22(Apr 2, 2025)

    Committee report H. Rept. 119-92.

  4. House

    Passage of the bill

    Passed(Roll #201 · Jul 17, 2025)

    219 yeanay 210

Passage votes so far· Jul 17, 2025· 119th Congress · 2025–2027