Congressman Emmer Reintroduces Financial Privacy Bill
WASHINGTON D.C. (WJON News) -- A Minnesota congressman has reintroduced a federal bill to protect financial privacy. Congressman and Majority Whip Tom Emmer has reintroduced the Anti-Central Bank Digital Currency (CBDC) Surveillance State Act.
The bill would prevent unelected bureaucrats from issuing a CBDC that would undermine privacy. A CBDC is a digital form of currency that is a government-controlled programmable money.
The proposed legislation would prevent the Federal Reserve from issuing a CBDC directly to people, ensuring that the Fed could not mobilize itself into a retail bank, which could have the ability to collect personal financial data. Congressman Emmer first introduced the bill in January of 2022.
READ MORE FROM AUTHOR PAUL HABSTRITT:
- Stefan’s Dream Wins 5th Consecutive KVSC Trivia Title
- Sartell Police Chief Silgjord Is Now City’s Public Safety Director
- A Hauntingly Good Time Coming To St. Cloud This Weekend
- Children’s Theatre Star Brings Message Of Hope To New Production
- How Sweet It Is, WJON Show Celebrates One Year Anniversary
- 2024 Another Impactful Season For The Ledge Amphitheater
See Minnesota's State Bird like you've never seen it before -- through the lens of Canadian photographer Chris Whitty
Come Visit Gilman, Minnesota in Pictures
Come Visit Buckman, Minnesota in Pictures
More From Mix 94.9
