CBDC Anti-Surveillance State Act
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™H.R. 5403, titled the CBDC Anti-Surveillance State Act, is a bill introduced in the 118th Congress aimed at addressing issues related to Central Bank Digital Currencies (CBDCs) and concerns about surveillance. The bill was introduced in the House of Representatives and subsequently received in the Senate, where it was read twice and referred to the Committee on Banking, Housing, and Urban Affairs. The bill is categorized under the policy area of Finance and Financial Sector. However, no official summary or full text of the bill is publicly available, and the bill ultimately failed or expired without becoming law.
H.R. 5403 sought to regulate aspects of CBDCs to prevent surveillance concerns but did not advance beyond committee referral and expired without enactment.
- The bill is focused on Central Bank Digital Currencies (CBDCs) and surveillance-related issues.
- It was introduced in the House and referred to the Senate Committee on Banking, Housing, and Urban Affairs.
- No official summary or full text is available, limiting detailed analysis of provisions.
['Potentially, individuals and entities concerned about privacy and surveillance in digital currency transactions.', 'Financial sector stakeholders involved in CBDC development and regulation.', 'Government oversight bodies tasked with financial regulation.']
['Lack of publicly available full text and summary limits understanding of implementation requirements and enforcement mechanisms.', 'Unclear cost implications for government agencies or financial institutions.', 'Uncertain scope of authority and oversight provisions due to missing detailed legislative language.']
The bill was introduced during the 118th Congress and reflects ongoing legislative interest in regulating emerging digital financial technologies, specifically CBDCs. It was referred to a Senate committee but did not progress further and is now classified as failed or expired.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Potential influence on future legislative efforts concerning digital currency privacy and surveillance.', 'Possible impact on public and industry discussions about the balance between financial innovation and privacy protections.']
The absence of an official summary and full bill text restricts comprehensive analysis and public oversight. Transparency in legislative documentation is critical for informed debate and accountability, especially on complex topics like CBDCs and surveillance.
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