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Mr. ROSE. Mr. Speaker, I rise in support of H.R. 5403, the CBDC Anti- Surveillance State Act, a bill I was proud to cosponsor. I thank Majority Whip Tom Emmer and Chairman McHenry of the House Financial Services Committee for their work on this legislation to protect Americans' privacy and financial data.
A central bank digital currency, or CBDC, would have devastating consequences for the Fourth Amendment rights of all freedom-loving Americans. Just as we have seen the Federal Government weaponized against conservatives, whether it is the IRS, the DOJ, the FBI, or even the Fed, no three-letter government agency should be able to trample on our Constitution.
In 21st century America, the freedom to purchase goods and services necessary to care for and protect our families shouldn't be left up to the government. A CBDC is a slippery slope toward ceding that liberty.
Mr. Speaker, I urge all Members to support this bill.
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