Dear Friend, 

In this 118th Congress, I have the pleasure of serving on the House Financial Services Committee subcommittee on Digital Assets and subcommittee on Capital Markets where we focus on protecting Americans’ right to financial freedom. After all, financial freedom is American freedom.

We have already seen the devastating consequences that a government-controlled central bank digital currency can have on a country’s citizens. In China, the Communist Party has implemented a central bank digital currency that has been used to track citizens' every purchase and has even been used to prevent dissidents from purchasing anything at all. For this reason, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, D.C. from issuing a central bank digital currency (CBDC) that strips Americans of their right to financial privacy. Any digital version of the dollar must uphold our American values of privacy, individual sovereignty and free market competitiveness. Anything less opens the door to the development of a dangerous surveillance tool. You can read more about the bill here.

Watch Congressman Emmer discuss the CBDC Anti-Surveillance State Act

Financial privacy is at the heart of Americans’ financial freedom. Last week, the Financial Services Committee moved legislation through the Committee to modernize outdated financial data privacy laws to give consumers more control over how their personal information is collected and used.

The Financial Services Committee’s role in protecting financial freedom ranges from protecting consumers right to their data to ensuring regulations don’t stump strong capital markets, to protecting the dollar’s global power, to ensuring all Americans can achieve a comfortable retirement. Now that Republicans hold the gavel in the House of Representatives, we are excited to get back to legislating where it matters most: ensuring unelected bureaucrats in Washington, D.C. don’t strip Americans of their rights, which are underpinned by financial freedom.

Please always reach out to my office in Otsego or in Washington, D.C., if we can be helpful.

Sincerely,