Emmer initially introduced the Central Bank Digital Currency Anti-Surveillance State Act in February. He reintroduced the bill ahead of a Thursday hearing in front of the House Financial Services Committee.
“Recent actions from the Biden administration have made it clear that they are not only itching to create a digital dollar, but they’re willing to trade Americans’ right to financial privacy for a surveillance-style CBDC,” Emmer said.
President Joe Biden signed an executive order in 2022 to explore the possibility of minting a CBDC.
“Last fall, Biden signed an executive order for the exploration of implementing a CBDC in the United States, and the Federal Reserve has been conducting pilot programs and studies to assess the viability of a CBDC,” Republican Tennessee Rep. Andy Ogles told the Daily Caller in July while introducing his own anti-CBDC bill in July.
