H.R. 5403, also known as the "CBDC Anti-Surveillance State Act," proposes amendments to the Federal Reserve Act to restrict Federal Reserve banks from directly or indirectly offering digital currencies to individuals. The bill explicitly prohibits these banks from issuing a...
Simple Explanation
H.R. 5403 is like a rule that says the big bank in charge of all the banks can’t make a special kind of money just for computers without asking Congress first. It also says they can’t use this money to change how they control money in the country.