Senate bill S3248-118

Banking, Housing, and Urban Affairs Committee

Chinese CBDC Prohibition Act of 2023

• Last activity on Nov 08, 2023

• Introduced Nov 08, 2023

• By Sen. Scott, Rick [R-FL]

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Chinese CBDC Prohibition Act of 2023

This bill prohibits money services businesses (e.g., currency exchange providers or money order issuers) from engaging in transactions involving a central bank digital currency issued by China. Central bank digital currencies are digital currencies issued by a government-backed central bank.

Senate Actions

IntroReferral
Nov. 08 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
Nov. 08 2023	Introduced in Senate

Senate bill S3248-118

Chinese CBDC Prohibition Act of 2023

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