H.R. 5403 - 118th Congress (2023-2024) - CBDC Anti-Surveillance State Act

This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar) directly or indirectly to an individual. Further, The Board of Governors of the Federal Reserve System and the Federal Open Market Committee are prohibited from using a central bank digital currency to implement monetary policy.

Text (4)

Referred in Senate

June 3, 2024

Engrossed in House

May 23, 2024

Reported in House

May 7, 2024

Introduced in House

September 12, 2023

Amendments (3)

Show All Amendments

Displaying only amendments with a detailed public record (2)

May 23, 2024

Agreed to in House

Sponsorship

House Amendment 926

Amendment prohibits the Federal Reserve Bank and the Treasury Department from designing, building, developing, establishing, or issuing a Central Bank Digital Currency (CBDC).

Agreed To

May 23, 2024

Agreed to in House

Sponsorship

House Amendment 925

Amendment prohibits the Federal Reserve's Central Bank Digital Currency (CBDC) pilot programs.

Agreed To

Actions (25)

Show Only Major Actions

06/03/2024

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

05/23/2024

Motion to reconsider laid on the table Agreed to without objection.

05/23/2024

On passage Passed by recorded vote: 216 - 192 (Roll no. 230).

05/23/2024

Passed/agreed to in House: On passage Passed by recorded vote: 216 - 192 (Roll no. 230).

05/23/2024

The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.

05/23/2024

The previous question was ordered pursuant to the rule.

05/23/2024

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 5403.

05/23/2024

POSTPONED PROCEEDINGS - At the conclusion of debate on the Davidson amendment No. 3, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.

05/23/2024

DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Davidson amendment No. 3.

05/23/2024

POSTPONED PROCEEDINGS - At the conclusion of debate on the Mooney amendment No. 2, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.

05/23/2024

DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Mooney amendment No. 2.

05/23/2024

POSTPONED PROCEEDINGS - At the conclusion of debate on the Ogles amendment No. 1, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.

05/23/2024

DEBATE - Pursuant to the provisions of H.Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Ogles amendment No. 1.

05/23/2024

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 5403.

05/23/2024

The Speaker designated the Honorable Clay Higgins to act as Chairman of the Committee.

05/23/2024

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1243 and Rule XVIII.

05/23/2024

Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.

05/23/2024

Considered under the provisions of rule H. Res. 1243. (consideration: H3496-3509)

05/21/2024

Rules Committee Resolution H. Res. 1243 Reported to House. Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.

05/07/2024

Placed on the Union Calendar, Calendar No. 409.

05/07/2024

Reported (Amended) by the Committee on Financial Services. H. Rept. 118-493.

09/20/2023

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 20.

09/20/2023

Committee Consideration and Mark-up Session Held

09/12/2023

Referred to the House Committee on Financial Services.

09/12/2023

Introduced in House

Public Record

Record Updated

Nov 8, 2024 5:52:52 PM