Scott Fitzgerald U.S. House of Representatives from Wisconsin's 5th district | Official U.S. House Headshot
Scott Fitzgerald U.S. House of Representatives from Wisconsin's 5th district | Official U.S. House Headshot
WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) issued the following statement after voting to pass H.R. 5403, the CBDC Anti-Surveillance State Act. This legislation ensures the Federal Reserve cannot issue any potential central bank digital currency (CBDC) without the express authority of Congress. A CBDC would dramatically increase the Federal Reserve’s role and responsibilities beyond traditional monetary policy and regulatory functions and effectively enter the Federal Reserve into the consumer banking market.
“As the Biden Administration increasingly weaponizes the federal government, it is critical that Congress take action to keep unelected bureaucrats from turning our financial system into a quasi-surveillance state,” said Rep. Fitzgerald. “The Biden Administration has already shown an appetite for creating a central bank digital currency, and Congress must not allow this to happen. I voted for the CBDC Anti-Surveillance State Act today to reinforce the American values of privacy, individual sovereignty, and free market competitiveness.”
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