House Passes Bill Forbidding Digital Currency Surveillance

The House of Representatives on Thursday passed the CBDC Anti-Surveillance State Act, 216-192, a measure sponsored by House Majority Whip Tom Emmer (R-MN) that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) that would give the federal government the ability to monitor and control individual Americans’ spending habits. 
 
“A digital dollar could give the FBI and other federal agencies instant, warrantless access to every transaction of any size made between Americans,” said Bob Goodlatte, former congressman and PPSA Senior Policy Advisor. “This would be an alarming and unacceptable invasion of our Fourth Amendment right to privacy. The CBDC Anti-Surveillance State Act takes a critical step to prevent this from happening. We applaud Rep. Emmer for his leadership in protecting Americans against pervasive government surveillance of our financial data.”
 
Perhaps next the House will consider measures to rein in financial surveillance by the U.S. Treasury and the Financial Crimes Enforcement Network (FinCEN). Passage by the House of the CBDC Anti-Surveillance State Act is an encouraging sign that more Members and their constituents are learning about the government’s financial surveillance and are ready to push back.