In the News
Majority Whip Tom Emmer Op-Ed: My Plan to Protect Americans’ Financial Privacy in a Digital Economy
Washington,
March 25, 2024
WASHINGTON – Following evidence that the Biden administration is pursuing a central bank digital currency (CBDC), Majority Whip Tom Emmer authored an op-ed in The Hill laying out the case against CBDC’s and how his legislation, the CBDC Anti-Surveillance State Act, would protect Americans’ right to financial privacy. In case you missed it… My plan to protect Americans’ financial privacy in a digital economy “The Biden administration is itching to abandon our core American values to create a surveillance-style CBDC in pursuit of competing with China and other nations across the globe that are creating a central bank digital currency. Look no further than the presentation the Federal Reserve gave to my staff earlier this Congress listing ‘central bank digital currency’ as one of their ‘key duties’...This is why I am taking legislative action. My bill, the CBDC Anti-Surveillance State Act, is the first and leading anti-CBDC legislative effort introduced in the United States.” Click here or the link above to read the full op-ed. ### |