H. R. 1919, also known as the “Anti-CBDC Surveillance State Act,” is a bill designed to amend the Federal Reserve Act to limit certain actions by the Federal Reserve. It prohibits Federal reserve banks from offering financial products or services directly to individuals, issuing a central...
Simple Explanation
The "Anti-CBDC Surveillance State Act" is a plan to make sure the U.S. Federal Reserve doesn't make a special digital dollar to use like money. This means they can't give out digital money or use it to help control the economy, and would focus only on big banks, not regular people.