SBE Council Statement of Support for the Anti-CBDC Surveillance State Act (H.R. 1919)

By SBE Council at 14 July, 2025, 8:04 pm

SBE Council strongly supports H.R. 1919, the "Anti-CBDC Surveillance State Act," sponsored by Rep. Tom Emmer (R-Minn.). The following statement of support can be attributed to SBE Council President & CEO Karen Kerrigan:

"Entrepreneurial strength and small business success are tied to a financial system that prioritizes privacy, access, and innovation. SBE Council applauds Congressman Emmer's leadership in introducing the Anti-CBDC Surveillance State Act, which prevents the Federal Reserve from transforming itself into a retail bank with the power to collect and control Americans' financial data. By prohibiting both direct and indirect issuance of a central bank digital currency, this legislation protects the financial privacy of entrepreneurs and small businesses while also providing safeguards against government overreach. A government-issued CBDC could expose entrepreneurs to political shenanigans and intimidation, potentially choking off their ability to conduct business. Moreover, the legislation ensures that digital innovation remains driven by the free market and private sector, where it thrives. We urge Congress to stand with entrepreneurs and all consumers by passing this crucial bill."

Karen Kerrigan, President & CEO of the Small Business & Entrepreneurship Council