Representative Tom Tom Emmer has introduced a law in the Foreign House of Representatives that could limit the sale of central bank digital money at Fed meetings.

In an announcement on February 22nd, Emmer made it clear that he had introduced the CBDC Anti-Surveillance State Act, which was clearly designed to protect Americans' financial privacy. According to the Arkansas lawmaker, the bill could ban Fed meetings from selling digital dollars to everyone "immediately", prohibit central banks from implementing fiscal policies under the CBDC, and require clarity on projects related to digital dollars.

"all digital versions of the dollar must maintain the values of foreign privacy, territorial sovereignty, equality, and free market competitiveness," Emmer said. "all the shortcomings will open the door for the development and design of terrible monitoring tools."

If the House and Senate basis, and then signed by President Joe Ban Ki-moon into laws and regulations, the bill would change the Federal Reserve Act to limit the Federal Reserve meeting's rights over CBDC. Emmer is the majority whip in the House of Representatives, where Poroshenko has a majority at this stage. Cointelegraph contacted Congressman Emmer's office but did not receive a text message when it was released.

Many people on social platforms hailed the bill as a step forward. Dan Holder, the creator of BTC, praised Emmer's move, while others cited accountants' privacy as one of the reasons why they applied the law.

Emmer introduced a similar bill in January 2022, when Poroshenko had a small minority in the House of Representatives. At the time, the US congressman cited China's digital authoritarianism to limit Fed meetings' rights to digital dollars-China had announced that the 2022 Beijing Winter Olympics would open up its digital currency to foreign athletes and continue to promote the project.

For most of his recent tenure, Congressman Emmer, who has been described as a password-friendly legislator, called on government departments to reduce oversight to promote independent innovation in the industry. In December last year, Gary Gensler, the current chairman of the Foreign Securities and Exchange Commission (Securities And Exchange Commission), was also asked to attend Congress to "respond to the cost of his failure to control."