By East Central Texas News |
Mar 26, 2024
WASHINGTON – On March 26, 2024, Congressman Ellzey joined Majority Whip Tom Emmer in co-sponsoring the CBDC Anti-Surveillance State Act, as reported on . The legislation aims to prevent Federal Reserve banks from offering products or services directly to individuals, maintaining accounts for individuals, or issuing a central bank digital currency to individuals, whether directly or indirectly. Furthermore, it prohibits the Board of Governors of the Federal Reserve System and the Federal Open Market Committee from employing a central bank digital currency for monetary...