HR 1919 · Passed House · 07-17-25
Anti-CBDC Surveillance State Act
What does the Anti-CBDC Surveillance State Act do?
HR 1919 is a House bill sponsored by Rep. Tom Emmer (R-MN). The Anti-CBDC Surveillance State Act prohibits the Federal Reserve from creating, testing, or issuing any form of digital currency that would be a direct liability of the Fed and available to the general public. It also bans the Fed from using such a currency to conduct monetary policy. The ban covers both direct issuance and indirect issuance through banks or other intermediaries.
Did HR 1919 pass? Where it stands
As of July 17, 2026, HR 1919 has passed the House.
Status: Passed House
Latest vote: House Passed 219–210 on July 17, 2025
Outlook: Uphill
Key provisions
- Federal Reserve Banned from Issuing Digital Dollar
- Federal Reserve banks may not offer products or services directly to individuals, maintain individual accounts, or issue any central bank digital currency or substantially similar digital asset
- Federal Reserve banks may not offer a central bank digital currency indirectly to individuals through financial institutions or other intermediaries
- The Board of Governors may not test, study, develop, create, or implement a central bank digital currency
- Monetary Policy Use Prohibited
- The Board of Governors and the Federal Open Market Committee may not use a central bank digital currency to implement monetary policy
- Exception: open, permissionless, and private dollar-denominated digital currencies that fully preserve the privacy protections of physical cash are not prohibited
Last updated June 10, 2026