,,ib ,union ,calendar ,no4 #dji #aahth ,,congress #b;d ,session ,h4 ,r4 #edjc ,report ,no4 #aah-dic ,,in ,,the ,,house ,,of ,,representatives ,september #ab1 #bjbc ,mr4 ,emmer 7for himself1 ,mr4 ,bacon1 ,mr4 ,biggs1 ,mr4 ,bost1 ,mr4 ,brecheen1 ,mr4 ,cloud1 ,mr4 ,davidson1 ,mr4 ,donalds1 ,mr4 ,duncan1 ,mr4 ,fallon1 ,mr4 ,fitzgerald1 ,mr4 ,flood1 ,mr4 ,scott ,franklin of ,florida1 ,mr4 ,gosar1 ,ms4 ,greene of ,georgia1 ,mr4 ,grothman1 ,mr4 ,hern1 ,mr4 ,hill1 ,mr4 ,jackson of ,texas1 ,mr4 ,kean of ,new ,jersey1 ,mr4 ,kiley1 ,mrs4 ,kim of ,california1 ,mr4 ,la,turner1 ,mrs4 ,lesko1 ,ms4 ,letlow1 ,mr4 ,loudermilk1 ,mrs4 ,luna1 ,ms4 ,mace1 ,mr4 ,meuser1 ,mrs4 ,miller of ,illinois1 ,mr4 ,mills1 ,mr4 ,norman1 ,mr4 ,pfluger1 ,mr4 ,posey1 ,mr4 ,reschenthaler1 ,mr4 ,rogers of ,alabama1 ,mr4 ,rouzer1 ,mr4 ,austin ,scott of ,georgia1 ,mr4 ,self1 ,mr4 ,sessions1 ,mr4 ,smith of ,new ,jersey1 ,mr4 ,steil1 ,mr4 ,timmons1 ,mr4 ,valadao1 ,mr4 ,van ,drew1 ,mr4 ,weber of ,texas1 ,mr4 ,yakym1 ,mr4 ,ogles1 ,mr4 ,lawler1 ,mrs4 ,wagner1 ,mrs4 ,houchin1 ,ms4 ,hageman1 and ,mr4 ,barr7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,may #g1 #bjbd ,additional sponsors3 ,mr4 ,green of ,tennessee1 ,mr4 ,babin1 ,mr4 ,burlison1 ,mr4 ,langworthy1 ,mrs4 ,chavez-,de,remer1 ,mr4 ,williams of ,texas1 ,mr4 ,ferguson1 ,mr4 ,huizenga1 ,mr4 ,crawford1 ,mr4 ,edwards1 ,mr4 ,guthrie1 ,mr4 ,calvert1 ,mr4 ,dunn of ,florida1 ,ms4 ,de ,la ,cruz1 ,mr4 ,cline1 ,mr4 ,williams of ,new ,york1 ,mr4 ,kustoff1 ,mr4 ,gooden of ,texas1 ,mr4 ,finstad1 ,mr4 ,wenstrup1 ,mrs4 ,fischbach1 ,mr4 ,moore of ,alabama1 ,mr4 ,nehls1 ,mr4 ,alford1 ,mr4 ,bean of ,florida1 ,mr4 ,bucshon1 ,mr4 ,carl1 ,mr4 ,amodei1 ,mr4 ,graves of ,missouri1 ,mrs4 ,harshbarger1 ,mr4 ,crane1 ,mr4 ,ciscomani1 ,mr4 ,hunt1 ,mr4 ,ezell1 ,mr4 ,baird1 ,mrs4 ,miller of ,west ,virginia1 ,mr4 ,kelly of ,mississippi1 ,mr4 ,bilirakis1 ,mr4 ,guest1 ,mr4 ,curtis1 ,mr4 ,westerman1 ,mr4 ,luetkemeyer1 ,mr4 ,la,hood1 ,mr4 ,garbarino1 ,mr4 ,carter of ,georgia1 ,mr4 ,rose1 ,mr4 ,bishop of ,north ,carolina1 ,mrs4 ,cammack1 ,mr4 ,fleischmann1 ,mr4 ,murphy1 ,mr4 ,des,jarlais1 ,mr4 ,moolenaar1 ,mr4 ,mooney1 ,mr4 ,d',esposito1 ,mrs4 ,bice1 ,mr4 ,fry1 ,mr4 ,banks1 ,mr4 ,carter of ,texas1 ,mr4 ,steube1 ,mr4 ,cole1 ,mr4 ,strong1 ,mr4 ,moran1 ,mr4 ,rosendale1 ,mr4 ,johnson of ,south ,dakota1 ,ms4 ,granger1 ,mr4 ,clyde1 ,ms4 ,lee of ,florida1 ,mr4 ,feenstra1 ,mr4 ,armstrong1 ,mr4 ,good of ,virginia1 ,mr4 ,waltz1 ,mr4 ,tony ,gonzales of ,texas1 ,mrs4 ,rodgers of ,washington1 ,mr4 ,lucas1 ,mr4 ,mann1 ,mr4 ,tiffany1 ,mr4 ,bergman1 ,ms4 ,van ,duyne1 ,mr4 ,collins1 ,mr4 ,burgess1 ,mr4 ,kelly of ,pennsylvania1 ,mr4 ,lamborn1 ,mr4 ,latta1 ,mr4 ,duarte1 ,mr4 ,crenshaw1 ,mr4 ,nunn of ,iowa1 ,mr4 ,ellzey1 ,mr4 ,hudson1 ,mrs4 ,mc,clain1 ,mr4 ,issa1 ,mr4 ,stauber1 ,mr4 ,arrington1 ,mr4 ,womack1 ,mr4 ,owens1 ,mr4 ,van ,orden1 ,mr4 ,perry1 ,mr4 ,mast1 ,mr4 ,gimenez1 ,mr4 ,zinke1 ,mr4 ,higgins of ,louisiana1 ,mr4 ,aderholt1 ,mrs4 ,miller-,meeks1 ,mrs4 ,hinson1 ,mr4 ,balderson1 ,mr4 ,mc,cormick1 ,mr4 ,carey1 ,mr4 ,wittman1 ,mr4 ,pence1 ,ms4 ,maloy1 ,mr4 ,mc,clintock1 ,mr4 ,roy1 ,mr4 ,mc,caul1 and ,mr4 ,diaz-,balart ,may #g1 #bjbd ,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed ,strike out all after the enacting clause and insert the part printed in italic ,for text of introduced bill1 see copy of bill as introduced on ,september #ab1 #bjbc ,a ,,bill ,to amend the ,federal ,reserve ,act to prohibit the ,federal reserve banks from offering certain products or services directly to an individual1 to prohibit the use of central bank digital currency for monetary policy1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,cbdc ,anti-,surveillance ,state ,act4 #b4 ,prohibition on ,federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency ,section #af of the ,federal ,reserve ,act is amended by adding at the end the following new paragraph3 7#ah7 ,a ,federal reserve bank shall not-- 7,a7 offer products or services directly to an individual2 7,b7 maintain an account on behalf of an individual2 or 7,c7 issue a central bank digital currency1 or any digital asset that is substantially similar under any other name or label1 directly to an individual4 4 #c4 ,prohibition on ,federal reserve banks indirectly issuing a central bank digital currency ,section #af of the ,federal ,reserve ,act1 as amended by section #b1 is further amended by adding at the end the following new paragraph3 7#ai7 7,a7 ,a ,federal reserve bank shall not offer a central bank digital currency1 or any digital asset that is substantially similar under any other name or label1 indirectly to an individual through a financial institution or other intermediary4 7,b7 ,subparagraph 7,a7 may not be construed to prohibit any dollar-denominated currency that is open1 permissionless1 and private1 and fully preserves the privacy protections of ,united ,states coins and physical currency4 4 #d4 ,prohibition on the use of central bank digital currency for monetary policy ,section #af of the ,federal ,reserve ,act1 as amended by section #c1 is further amended by adding at the end the following new paragraph3 7#bj7 ,prohibition on the use of central bank digital currency for monetary policy ,the ,board of ,governors of the ,federal ,reserve ,system and the ,federal ,open ,market ,committee shall not use any central bank digital currency1 or any digital asset that is substantially similar under any other name or label1 to implement monetary policy4 4 #e4 ,central bank digital currency 7a7 ,in general ,the ,federal ,reserve ,act 7#ab ,u4,s4,c4 #bba et seq47 is amended by inserting after section #af the following3 #af;,a4 ,central bank digital currency 7a7 ,in general ,the ,board of ,governors of the ,federal ,reserve ,system may not1 absent ,congressional authorization1 issue a central bank digital currency4 7b7 ,central bank digital currency defined ,in this section1 the term central bank digital currency means a form of digital money or monetary value1 denominated in the national unit of account1 that is a direct liability of the ,federal ,reserve ,system4 4 7b7 ,treasury ,chapter #c of subtitle ,i of title #ca of the ,united ,states ,code is amended by inserting after section #caf the following3 #cag4 ,central bank digital currency 7a7 ,in general ,the ,secretary of the ,treasury may not1 absent ,congressional authorization1 direct the ,board of ,governors of the ,federal ,reserve ,system to issue a central bank digital currency4 7b7 ,central ,bank ,digital ,currency defined ,in this section1 the term central bank digital currency means a form of digital money or monetary value1 denominated in the national unit of account1 that is a direct liability of the central bank4 4 #f4 ,protection for open1 permissionless1 and private currency ,this ,act and the amendments made by this ,act shall not apply to any dollar-denominated currency that is open1 permissionless1 and private1 and fully preserves the privacy protections of ,united ,states coins and physical currency40 ,may #g1 #bjbd ,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed