Latest action: Motion to reconsider laid on the table Agreed to without objection.
Bill is filed in its originating chamber and assigned a number.
Sponsor
Tom Emmer (R-MN)
Filed in the House.
Next: In Committee
Members of the committee(s) the bill was referred to
Prevents the Federal Reserve from creating a digital currency that could monitor Americans' financial transactions.
The problem
Concerns that a government-backed digital currency could allow excessive surveillance of citizens' spending and financial privacy without adequate safeguards.
The proposal
Prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) directly to the public or using it to monitor individual transactions.
The impact
Affects Federal Reserve operations, financial system modernization, and personal financial privacy rights for all Americans.
Prevents the government from tracking all purchases and financial activities of citizens. Preserves Americans' right to financial privacy similar to cash transactions.
Reduces potential government control over the financial system. Prevents authorities from freezing accounts or blocking transactions based on political views.
Preserves the existing private banking infrastructure and competition. Keeps financial services controlled by private institutions rather than government.
Prevents development of advanced tracking systems for financial monitoring. Avoids creating infrastructure for potential government overreach.
May prevent the U.S. from developing modern payment technologies. Other countries could advance with digital currencies while America stays behind.
Digital currencies could make payments faster and cheaper than current systems. This ban prevents those potential benefits from being realized.
Digital currency systems could help authorities track illegal activities like money laundering and terrorism financing. This restriction removes that tool.
A digital currency could provide banking services to unbanked populations. The ban prevents this tool for expanding financial inclusion.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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