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Chinese CBDC Prohibition Act of 2023

USA118th CongressS-3248| Senate 
| Updated: 11/8/2023
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (2)
Marsha Blackburn (Republican)Ted Cruz (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Feb 2, 2023

Latest Companion Bill Action

HR 118-804
Introduced in House
Nov 8, 2023
Introduced in Senate
Nov 8, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • February 2, 2023

    Latest Companion Bill Action

    HR 118-804
    Introduced in House


  • November 8, 2023
    Introduced in Senate


  • November 8, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 118-804: Chinese CBDC Prohibition Act of 2023

Chinese CBDC Prohibition Act of 2023

USA118th CongressS-3248| Senate 
| Updated: 11/8/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 2, 2023

Latest Companion Bill Action

HR 118-804
Introduced in House
Nov 8, 2023
Introduced in Senate
Nov 8, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • February 2, 2023

    Latest Companion Bill Action

    HR 118-804
    Introduced in House


  • November 8, 2023
    Introduced in Senate


  • November 8, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (2)
Marsha Blackburn (Republican)Ted Cruz (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-804: Chinese CBDC Prohibition Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted