Cosponsored a bill on 2023-07-27
Bill Name
Cease Orwellian Surveillance and Targeting Act of 2023
Details
This bill, titled the "Cease Orwellian Surveillance and Targeting Act of 2023," seeks to amend the Federal Reserve Act. It explicitly prohibits the Federal Reserve Board of Governors and Federal Reserve banks from minting or issuing a central bank digital currency (CBDC). The bill also prevents Federal Reserve banks from offering products or services, including direct provision of currency or account maintenance, to individuals or entities, with specific exceptions for financial institutions and government bodies. Furthermore, it prohibits any person from holding or owning CBDCs, whether domestic or foreign.