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.
Gov. Braun announces $207 million federal grant to launch GROW
Rockville Town Board speaks out about 2025
Ray Allison named next executive director of the Indiana State Fair Commission
INvestABLE Indiana announces expanded eligibility criteria beginning January 1
Rockville Parks Board continues working on quality of life improvements
Indiana advances coal ash permitting program
Indiana's state parks offer New Years Day events
DNR receives regional award for project on former mine land near Pleasantville
ISP shopping safety tips
Riverton Parke's Emily Adams awarded the Lilly Endowment Community Scholarship for Parke County
BMV announces Christmas and New Year's Day holiday hours
Indiana launches Smart SNAP
Indiana 211: Connecting Hoosiers to holiday support and essential resources
Department of Homeland Security launches Worst of the Worst website
Governor Braun takes action to waive hours-of-service regulations for transporting propane
