Fallen Servicemembers Religious Heritage Restoration Act
Latest Action
Motion to proceed to consideration of the House message to accompany S. 1318 rejected in Senate by Yea-Nay Vote. 47 - 52. Record Vote Number: 164.
Official Summary
Foreign Intelligence Accountability Act and the Anti-CBDC Surveillance State Act This bill reauthorizes Title VII of the Foreign Intelligence Surveillance Act (FISA) until April 30, 2029, and expands protections related to surveillance under Section 702 of FISA. It also prohibits a Federal Reserve bank from offering financial products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (CBDC). Section 702 of FISA concerns acquiring communications of non-U.S. persons believed to be outside the United States to obtain foreign intelligence information. Information about U.S. persons may incidentally be acquired by this type of surveillance and subsequently queried (searched) under certain circumstances. Changes to Section 702 include requiring monthly reviews by the Office of the Director of National Intelligence (ODNI) for each U.S. person query conducted by the Federal Bureau of Investigation (FBI). ODNI must refer queries that do not comply with established standards, as well as possible abuses of civil liberties or privacy, to the Office of the Intelligence Community Inspector General. The bill institutes criminal penalties for (1) those who knowingly and willingly falsify or materially misrepresent complying with querying procedures, and (2) FBI personnel who knowingly and willingly violate procedures related to U.S. person queries. FBI supervisors may no longer approve U.S. person queries; only certain FBI attorneys may do so. The Federal Reserve System's Board of Governors may not use a CBDC to implement monetary policy or test, study, create, or implement a CBDC, with certain exceptions.
GovScope Watchdog™
AI Government Intelligence™The bill titled 'Foreign Intelligence Accountability Act and the Anti-CBDC Surveillance State Act' reauthorizes Title VII of the Foreign Intelligence Surveillance Act (FISA) until April 30, 2029, and introduces expanded protections related to surveillance under Section 702 of FISA. It mandates monthly reviews by the Office of the Director of National Intelligence (ODNI) for FBI queries involving U.S. persons and requires referral of non-compliant queries or potential abuses to the Intelligence Community Inspector General. The bill establishes criminal penalties for falsifying compliance or violating query procedures and restricts FBI supervisors from approving U.S. person queries, limiting this authority to certain FBI attorneys. Additionally, it prohibits Federal Reserve banks from offering financial products or services directly to individuals, maintaining individual accounts, or issuing a central bank digital currency (CBDC), with some exceptions. The bill is currently in process and recently faced a procedural vote in the Senate that was narrowly rejected.
This bill extends surveillance authorities under FISA with added oversight and restrictions on FBI queries of U.S. persons, while also limiting Federal Reserve involvement in individual financial services and CBDC issuance.
- Reauthorizes Title VII of FISA until April 30, 2029, maintaining surveillance authorities.
- Requires monthly ODNI reviews of FBI queries involving U.S. persons and referrals of non-compliance or abuses to the Intelligence Community Inspector General.
- Establishes criminal penalties for knowingly falsifying compliance or violating query procedures related to U.S. person surveillance.
- Restricts approval of U.S. person queries to certain FBI attorneys, removing approval authority from FBI supervisors.
- Prohibits Federal Reserve banks from offering financial products or services directly to individuals, maintaining individual accounts, or issuing a CBDC, with limited exceptions.
['Office of the Director of National Intelligence (ODNI) through enhanced oversight responsibilities', 'Office of the Intelligence Community Inspector General via increased referral of potential abuses', 'Federal Bureau of Investigation (FBI) attorneys authorized to approve U.S. person queries', 'Federal Reserve System by clarifying restrictions on CBDC issuance and individual financial services']
['Implementation challenges related to monthly ODNI reviews and referrals could require additional resources and coordination.', 'Criminal penalties for non-compliance may necessitate clear procedural guidelines and training to avoid inadvertent violations.', 'Restrictions on Federal Reserve activities could impact future financial innovation or monetary policy tools involving CBDCs.', 'The bill’s prohibition on Federal Reserve banks offering services directly to individuals may affect banking operations and customer access.']
The bill is situated within ongoing legislative efforts to balance national security surveillance authorities with civil liberties protections. It also addresses emerging financial technology concerns by restricting Federal Reserve involvement in central bank digital currencies. The most recent Senate procedural vote on advancing the bill was narrowly rejected, indicating divided legislative support. The policy area is classified under Armed Forces and National Security.
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['Enhanced oversight and criminal penalties may lead to more cautious FBI querying practices involving U.S. persons, potentially reducing incidental surveillance but also possibly slowing intelligence operations.', 'Restrictions on Federal Reserve activities could influence the development and adoption of digital currencies and impact the broader financial technology sector.', 'Increased administrative requirements for ODNI and Inspector General offices may require additional staffing or budget allocations.']
The bill introduces significant oversight mechanisms for surveillance activities under FISA Section 702, including monthly reviews and criminal penalties, which warrant close monitoring for effective implementation and protection of civil liberties. The prohibition on Federal Reserve involvement in individual financial services and CBDCs represents a notable policy decision with implications for monetary policy and financial innovation. Transparency regarding the operational impact of these provisions and the resources allocated to oversight bodies will be important for public accountability.
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