The Heartland Institute’s Donald Kendal, Jim Lakely, Justin Haskins, and Chris Talgo present episode 450 of the In The Tank Podcast. World Economic Forum's CEO Klaus Schwab just announced he will be stepping down from his role as "Davos Man." What does this mean for the organization? Who is likely to take over control of the WEF? Also, an anti-CBDC bill is gaining traction in Congress. Will this potential legislation possibly put an end to the quest to establish a central bank digital currency in the United States?

OPENING CHIT CHAT - KLAUS SCHWAB IS OUT

Bloomberg - World Economic Forum Founder Klaus Schwab Stepping Down by 2025

https://www.bloomberg.com/news/articles/2024-05-21/world-economic-forum-founder-klaus-schwab-stepping-down-semafor

Stopping Socialism - Klaus Schwab’s Time May Be Almost Up

https://stoppingsocialism.com/2023/01/klaus-schwabs-time-may-be-almost-up/

Reuters - Original Davos Man unveils half a succession plan

https://www.reuters.com/breakingviews/original-davos-man-unveils-half-succession-plan-2024-05-22/

PRIMARY TOPIC - ANTI-CBDC BILL GAINS TRACTION IN CONGRESS

Heritage Action - CBDC Anti-Surveillance State Act

https://heritageaction.com/scorecard/cosponsorships/hr5403-118

Ted Cruz - Sen. Cruz Introduces Legislation Prohibiting Unilateral Fed Control of a U.S. Digital Currency | U.S. Senator Ted Cruz of Texas

https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-prohibiting-unilateral-fed-control-of-a-us-digital-currency

American Bankers Association - ABA Letter of Support to H.R. 5403 – the CBDC Anti-Surveillance State Act

https://www.aba.com/advocacy/policy-analysis/support-ltr-hr5403

America's Credit Unions - House, Senate bills introduced to bar Fed from issuing CBDC

https://www.americascreditunions.org/news/house-senate-bills-introduced-to-bar-fed-from-issuing-cbdc/

Atlantic Council - Don’t let the US become the only country to ban CBDCs

https://www.atlanticcouncil.org/blogs/new-atlanticist/dont-let-the-us-become-the-only-country-to-ban-cbdcs/

FinTech Futures - US Federal Reserve “nowhere near recommending, let alone adopting” a CBDC, chairman tells Congress
https://www.fintechfutures.com/2024/03/us-federal-reserve-nowhere-near-cbdc-adoption-chairman-tells-congress/

Atlantic Council CBDC Tracker
https://www.atlanticcouncil.org/cbdctracker/