{"database": "press", "table": "releases", "rows": [["https://dustyjohnson.house.gov/media/press-releases/johnson-votes-prohibit-central-bank-digital-currency", "Johnson Votes to Prohibit Central Bank Digital Currency", "2024-05-23", "2024", "2024-05", "Republican", "House", "SD", "Dusty Johnson", "J000301", "dustyjohnson.house.gov", "dustyjohnson", "https://dustyjohnson.house.gov/media/press-releases", "scraper", "Washington, D.C. \u2013 Today, U.S. Representative Dusty Johnson (R-S.D.) voted to pass legislation to prohibit a central bank digital currency (CBDC). The CBDC Anti-Surveillance State Act passed the House and will protect the financial privacy of all Americans.\n\n\u201cThe Chinese Communist Party uses a central bank digital currency to track the transactions of their citizens, and in Canada, the Trudeau Administration froze bank accounts of individuals involved in trucker protests,\u201d said Johnson. \u201cThis type of surveillance and restriction is wholly un-American. I\u2019m glad the CBDC Anti-Surveillance State Act passed the House to protect the financial privacy and liberty of our citizens.\u201d\n\nUnlike decentralized cryptocurrencies, such as Bitcoin, a CBDC is a digital form of sovereign currency that is issued, monitored, and managed by a central bank. In short, a CBDC is government-controlled programmable money that, if designed without the privacy protections of cash, could give the federal government unilateral authority to surveil Americans\u2019 transactions and restrict politically unpopular activity.\n\nIn March 2022, the White House issued Executive Order #14067 urging for CBDC research and development. The corresponding report made it clear that the Biden Administration is not only wanting to create a CBDC, but they are willing to trade Americans\u2019 right to financial privacy for a surveillance-style CBDC.\n\nSpecifically, the CBDC Anti-Surveillance State Act:\n\nProhibits the Federal Reserve from issuing a CBDC directly to anyone, ensuring the Fed can\u2019t mobilize itself into a retail bank.\n\nProhibits the Federal Reserve from issuing a CBDC indirectly to individuals through financial institutions or other third parties.\n\nProhibits the Federal Reserve from using a CBDC as a tool to implement monetary policy and control the economy.\n\nRequires authorizing legislation from Congress for the issuance of any CBDC.\n\nProtects innovation that reflects American values.", 1, "2026-03-30T01:40:41Z", "2026-04-07T21:01:11Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://dustyjohnson.house.gov/media/press-releases/johnson-votes-prohibit-central-bank-digital-currency"], "units": {}, "query_ms": 0.9762051049619913, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}