Thu Sep 14, 2023 – 6:26 pm EDT
WASHINGTON, D.C. (LifeSiteNews) — U.S. Republican Rep. Tom Emmer on Tuesday reintroduced a measure that would ban the Federal Reserve from issuing Central Bank Digital Currency (CBDC) over privacy concerns.
Rep. Tom Emmer represents Minnesota’s sixth district and is the majority whip for the U.S. House of Representatives. He voted last year in favor of Democrats’ “Respect for Marriage Act” to codify same-sex “marriage.”
On Monday, he and 50 cosponsors reintroduced the CBDC Anti-Surveillance State Act to uphold American “values of privacy, individual sovereignty, and free-market competitiveness” by halting “the efforts of unelected bureaucrats in Washington, D.C. from issuing a [CBDC] that dismantles Americans’ right to financial privacy,” according to a press release from Emmer’s office.
The bill, originally introduced in February, is meant to prevent “the Federal Reserve from issuing a CBDC directly to individuals, ensuring the Fed cannot mobilize itself into a retail bank able to collect personal financial data on Americans,” the press release states.
The measure would also forbid “the Fed from indirectly issuing a CBDC to individuals through an intermediary, preventing the Fed from launching a retail CBDC through our two-tier financial system.”
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