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On behalf of ICBA and the nearly 50,000 community bank locations we represent, I write to thank you for scheduling a markup on September 20 and to express our support for the CBDC Anti-Surveillance State Act (H.R. 5403). ICBA urges all committee members to vote YES on this important bill.
ICBA believes that significant risks and few, if any, clearly defined benefits would result from adoption by the United States of a Central Bank Digital Currency (CBDC).