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Congress·Passed House·8 months ago

House Passes Bill to Ban Federal Reserve from Creating a Digital Dollar

Also known as: Anti-CBDC Surveillance State Act

Legislative Progress

✓ Filed
✓ Review
✓ House

219–210

Senate
President

Impact Analysis

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Key Points

  • This bill stops the Federal Reserve from creating a 'digital dollar' for the general public. It prevents the government from offering bank accounts or financial services directly to individuals, which are currently handled by private banks and credit unions.
  • The main goal is to protect personal privacy. Supporters of the bill worry that a government-run digital currency would allow the state to track every purchase a person makes or even control how they spend their money.
  • The Federal Reserve would be banned from testing, studying, or launching a digital currency. It would also be prohibited from using a digital currency to manage the nation's economy or influence interest rates.
  • The bill includes an exception for digital currencies that are private and open to everyone, similar to how physical cash works. This ensures that the rules only apply to government-controlled digital money, not private digital assets that protect user privacy.
  • Congress states that the Federal Reserve does not currently have the legal power to create a digital currency. This law makes it clear that the Fed would need a new law passed by Congress before it could ever try to start one.
Economy FinanceTechnology Digital

Milestones

3 milestones16 actions
Jul 17, 2025House

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

Jul 17, 2025House

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)

Jul 17, 2025

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 219 - 210 (Roll no. 201).

Jul 17, 2025House

Considered as unfinished business. (consideration: CR H3450)

Jul 17, 2025House

POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 1919, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

What Happens Next

Projected impacts based on AI analysis

Late 2025 or 2026

Senate considers the bill after House passage

The ban on a digital dollar is not yet law. The Senate must pass its own version or approve this one, then the President must sign it. Until then, nothing changes for consumers or businesses.

Upon enactment, if passed

If signed into law, the Federal Reserve is permanently banned from creating or testing a digital dollar

The Fed would immediately stop any research or pilot programs related to a central bank digital currency. Americans would continue using the existing banking system with no new government-run digital payment option on the horizon.

Vote Results

1 vote
HousePassedPassageJul 17, 2025

On Passage

219
210
Democrat
2 – 210
Republican
217 – 0 · 3
View full roll call

Related News

5 articles
CBS News·8 months ago

Trump signs landmark GENIUS Act, hailing 'exciting new frontier' for crypto

President Trump signed the GENIUS Act into law while the House advanced the Anti-CBDC Surveillance State Act (H.R. 1919). The bill prohibits the Federal Reserve from issuing a retail digital dollar, reflecting a broader GOP push to prioritize private stablecoins over government-run currency.

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The Hill·8 months ago

House Republicans plan 'Crypto Week' votes on industry-backed bills

House leadership designated the week of July 14th as 'Crypto Week,' scheduling floor votes for the Anti-CBDC Surveillance State Act. The legislation, sponsored by Whip Tom Emmer, aims to permanently block the creation of a Central Bank Digital Currency to safeguard financial privacy.

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Politico·8 months ago

House GOP moves to combine central bank digital currency ban with crypto bill

House Republicans are maneuvering to pass the Anti-CBDC Surveillance State Act alongside broader crypto market structure legislation. The move highlights the GOP's strategy to link financial privacy protections with the expansion of the private digital asset industry.

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Source Information

Document Type

Congressional Bill

Official Title

Anti-CBDC Surveillance State Act

Bill NumberHR 1919
Congress119th Congress
ChamberHouse of Representatives
Latest ActionMotion to reconsider laid on the table Agreed to without objection.

Sponsor

Cosponsors

(135)
R: 135

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.