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Representative Tom Emmer Reintroduces Bill To Prevent Unelected Bureaucrats From Issuing CBDCs and Protect Financial Privacy

Representative Tom Emmer and 49 co-sponsors have reintroduced the "CBDC Anti-Surveillance State Act" in the US House of Representatives to prevent unelected bureaucrats from issuing a central bank digital currency (CBDC) and protect Americans' financial privacy. Emmer claims that President Biden is willing to compromise financial privacy for a surveillance-style CBDC.

The bill prohibits the Federal Reserve from issuing a CBDC to individuals and using it to collect personal financial data or implement monetary policy. Other supporters of the bill include Senators French Hill, Warren Davidson, and Mike Flood.

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