Payments

Letters and Testimonies

Letters to Congress

Title Recipient Date
02/26/25
02/11/25
02/05/25
Sen. Ted Budd 06/19/24
U.S. House of Representatives 05/21/24
Sen. Josh Hawley 09/20/23
House Financial Services Committee 09/19/23
House Financial Services Committee 07/19/23
House, Senate Leaders 07/14/23
House, Senate 07/11/23
House Financial Services Committee 06/13/23
Senate, House leaders 06/09/23
House Financial Services Committee 05/05/23
House Financial Services Committee 04/19/23
Rep. Tom Emmer 03/08/23
Senate, House 11/17/22
House, Senate 10/11/22
Senate 10/04/22
House 09/27/22
House 09/21/22
Senate 08/31/22
House Financial Services Committee 07/22/22
Senate Judiciary Committee 05/04/22
Senate Judiciary Committee 05/02/22
Sens. Cruz, Braun, Grassley 04/04/22
Rep. Tom Emmer 04/04/22
Congress 07/27/21
116th Congress 10/15/20
U.S. House Task Force on Financial Technology 09/29/20

Letters to Regulators

Title Recipient Date
12/16/24
Consumer Financial Protection Bureau 08/01/24
06/11/24
Federal Reserve 05/11/24
Basel Committee on Banking Supervision 03/28/24
Federal Reserve, Justice Department, Treasury Department 03/22/24
BIS Committee on Payments and Market Infrastructures 02/28/24
Letter to Regulators 01/30/24
FinCEN 01/23/24
Federal Reserve 11/27/23

Testimony

Title Committee Presenter Date
Senate Banking Committee Written Statement 03/12/25
House Subcommittee on Digital Assets, Financial Technology and Inclusion Written Statement 09/13/23
Senate Banking Committee Written Statement 02/13/23
Senate Banking Committee Written Statement 07/28/22
House Financial Services Committee Written statement 05/25/22
Senate Banking Hearing 02/15/22
House Financial Services Committee Written statement 02/08/22
Senate Banking Committee Written Statement 12/14/21
House Financial Services Committee Written statement 12/07/21
HSFC 09/29/20

Payments News

ICBA-supported anti-CBDC bill reintroduced

March 10, 2025

House Majority Whip Tom Emmer (R-Minn.) reintroduced ICBA-advocated legislation restricting the ability of the federal government to introduce a central bank digital currency. A similar bill passed the House during the last Congress.


Details: The CBDC Anti-Surveillance State Act (H.R. 5403):

  • Prohibits the Federal Reserve Banks from offering products or services directly to individuals, maintaining individual accounts, or issuing a CBDC to individuals or through an intermediary.

  • Prohibits the Federal Reserve and the Federal Open Market Committee from using a CBDC to implement monetary policy.

ICBA View: ICBA has repeatedly expressed opposition to the creation of a U.S. CBDC and commended the members of Congress who passed the bill last year.

Support Statement: “Given the consumer and economic risks posed by a potential Federal Reserve-issued central bank digital currency, ICBA and the nation’s community banks strongly support House Majority Whip Tom Emmer’s Anti-CBDC Surveillance State Act,” ICBA President and CEO Rebeca Romero Rainey said.