When autocomplete results are available use up and down arrows to review and enter to select.
House Majority Whip Tom Emmer (R-Minn.) reintroduced ICBA-advocated legislation restricting the ability of the federal government to introduce a central bank digital currency. A similar bill passed the House during the last Congress.
Details: The CBDC Anti-Surveillance State Act (H.R. 5403):
Prohibits the Federal Reserve Banks from offering products or services directly to individuals, maintaining individual accounts, or issuing a CBDC to individuals or through an intermediary.
Prohibits the Federal Reserve and the Federal Open Market Committee from using a CBDC to implement monetary policy.
ICBA View: ICBA has repeatedly expressed opposition to the creation of a U.S. CBDC and commended the members of Congress who passed the bill last year.
Support Statement: “Given the consumer and economic risks posed by a potential Federal Reserve-issued central bank digital currency, ICBA and the nation’s community banks strongly support House Majority Whip Tom Emmer’s Anti-CBDC Surveillance State Act,” ICBA President and CEO Rebeca Romero Rainey said.
Previous News
ICBA is urging community bankers to use its Be Heard Grassroots Action Center to submit comments on the latest round of the current Economic Growth and Regulatory Paperwork Reduction Act review before tomorrow’s deadline.
ImageMar 10, 2025
Community bankers and industry leaders from across the nation are set to gather this week for the Independent Community Bankers of America's (ICBA) national convention, ICBA LIVE 2025, at the Gaylord Opryland Resort & Convention Center in Nashville.
Image
Mar 10, 2025
ICBA applauded Treasury Secretary Scott Bessent for his remarks supporting community banks and committing to the continued independence of the nation’s prudential banking regulators and dual banking system.
ImageMar 7, 2025
Related News Taxonomy
Jun 27, 2025
Jun 25, 2025
Jun 23, 2025