1. Short title This Act may be cited as the CBDC Anti-Surveillance State Act . 2. Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency Section 16 of the Federal Reserve Act ( 12 U.S.C. 411 et seq. ) is amended by adding at the end the following: No Federal Reserve bank shall offer products or services directly to an individual, maintain an account on behalf of an individual, or issue a central bank digital currency, or any digital asset that is substantially similar, under any other name or label, directly to an individual. . 3. Prohibition on Federal reserve banks indirectly issuing a central bank digital currency Section 16 of the Federal Reserve Act ( 12 U.S.C. 411 et seq. ), as amended by section 2 of this Act, is further amended by adding at the end the following: A Federal Reserve bank shall not offer a central bank digital currency, or any digital asset that is substantially similar under any other name or label, indirectly to an individual through a financial institution or other intermediary. The preceding sentence is not to be construed to prohibit any dollar-denominated currency that is open, permissionless, private, and fully preserves the privacy protections of United States coins and physical currency. . 4. Prohibition on the use of central bank digital currency for monetary policy Section 16 of the Federal Reserve Act ( 12 U.S.C. 241 et seq. ) is amended by inserting before the twelfth undesignated paragraph the following: The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall not use any central bank digital currency, or any digital asset that is substantially similar under any other name or label, to implement monetary policy. . 5. Central bank digital currency (a) In general The Federal Reserve Act ( 12 U.S.C. 221 et seq. ) is amended by inserting after section 16 the following: 16A. Central bank digital currency (a) In general The Board of