Thursday, Congressman Rudy Yakym (IN-02) issued the following statement after voting for H.R. 5403, the CBDC Anti-Surveillance State Act.
This legislation prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) directly to anyone and from using a CBDC as a tool to implement monetary policy and control the economy. Rep. Yakym is an original co-sponsor of H.R. 5403.
"We can never let unelected Biden bureaucrats wield CCP-style surveillance tools and violate Americans' financial privacy through a government-issued central bank digital currency," said Rep Yakym. "We have already seen places like Communist China implement a CBDC, and this un-American idea can never gain a foothold here. I am proud to vote for this legislation, and I implore my Senate colleagues to do the same so we can stand up to Big Brother and up for Americans' individual liberties."
The CBDC Anti-Surveillance State Act:
Prohibits the Federal Reserve from issuing a CBDC directly to anyone, ensuring the Fed can’t mobilize itself into a retail bank. Prohibits the Federal Reserve from issuing a CBDC indirectly to individuals through financial institutions or other third parties. Prohibits the Federal Reserve from using a CBDC as a tool to implement monetary policy and control the economy. Requires authorizing legislation from Congress for the issuance of any CBDC.
St Francisville dealing with multiple issues
Lawrence County seeking I.D.C. Director
Tate to drop withdraw of guilty pleas
Wind Advisory issued for region
Authorities arrest two in Lawrence County
Sumner to get grant for water system expansion
Knox County man sentenced to prison
Flooding impacting an area local utility, flood-prone homes to be disconnected
Embarras River Flood Warning extended
EIU Super-Sectional game audio: Lawrenceville 48, LeRoy 26 (original air date March 9, 2026)
Lawrence County authorities make three weekend arrests
IDHS focuses on raising awareness during Severe Weather Preparedness Week, March 8-14
Edward Charles Ballinger, 65, Vincennes
Rose named to Illinois Senate leadership team
Indiana earns top credit rating from major agency
