CBDC Anti-Surveillance State Act
Latest Action
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™The CBDC Anti-Surveillance State Act is a Senate bill introduced in the 118th Congress aimed at addressing issues related to Central Bank Digital Currencies (CBDCs) and their potential surveillance implications. The bill was read twice and referred to the Committee on Banking, Housing, and Urban Affairs but did not advance further and is currently classified as failed or expired. The bill falls under the policy area of Finance and Financial Sector. No official summary or full text is available, limiting detailed analysis of its provisions.
This bill sought to regulate aspects of CBDCs to prevent surveillance concerns but did not progress beyond committee referral and is now expired.
- The bill was introduced in the Senate during the 118th Congress.
- It was referred to the Committee on Banking, Housing, and Urban Affairs after being read twice.
- The bill is categorized under Finance and Financial Sector policy but lacks publicly available text or summary.
['Financial sector entities involved with digital currencies', 'Privacy advocates concerned with surveillance risks', 'Regulatory bodies overseeing digital currency frameworks']
['Lack of publicly available full text and summary limits understanding of specific provisions and implementation requirements.', 'Unclear authority and enforcement mechanisms due to missing bill text.', 'Potential challenges in balancing financial innovation with privacy protections.']
The bill was introduced in the Senate and referred to the relevant committee but did not advance, reflecting either limited legislative momentum or competing priorities within the 118th Congress. The absence of detailed public documentation restricts insight into the legislative debate or support levels.
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 addressing digital currency privacy and surveillance.', 'Possible impact on public discourse regarding the balance between financial innovation and privacy protections.', 'May affect regulatory approaches to CBDCs even though the bill itself did not pass.']
The absence of an official summary and full text significantly hampers transparency and public oversight. Stakeholders cannot fully assess the bill's provisions, potential impacts, or compliance requirements. The bill's failure to advance beyond committee referral further limits its practical effect but underscores the need for accessible legislative documentation in emerging policy areas like digital currencies.
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