Fitzgerald Votes to Pass the CBDC Anti-Surveillance State Act

By U.S. Rep. Scott Fitzgerald - May 23rd, 2024 03:32 pm

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 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.”

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.

Mentioned in This Press Release

People: Scott Fitzgerald

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One thought on “Fitzgerald Votes to Pass the CBDC Anti-Surveillance State Act”

TosaGramps1315 says:

May 24, 2024 at 5:14 pm

Such a strong statement from someone that only votes the way he’s told. More Fitzgerald mindless drivel.

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