The purpose of this legislation, known as the Anti-CBDC Surveillance State Act, is to amend the Federal Reserve Act to prevent Federal Reserve banks from providing certain financial services directly to individuals and to prohibit the development and use of a central bank digital currency (CBDC) for monetary policy. Key provisions of the law include several prohibitions. First, Federal Reserve banks are not allowed to offer financial products or services directly to individuals, which means they cannot maintain individual accounts or issue a CBDC or similar digital assets.