S4601
Referred to committee
Chinese CBDC Prohibition Act of 2026
- Federal
- Senate
- Introduced May 20, 2026
- Session 119
Bill Text
Version ISThis Act may be cited as the Chinese CBDC Prohibition Act of 2026.
Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following:
In this section, the term money services business has the meaning given the term in section 1010.100 of title 31, Code of Federal Regulations.
No money services business may engage in any transaction, directly or indirectly, that involves a central bank digital currency issued by the People’s Republic of China.
The table of sections for subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following:
Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following:
In this section, the term money services business has the meaning given the term in section 1010.100 of title 31, Code of Federal Regulations.
No money services business may engage in any transaction, directly or indirectly, that involves a central bank digital currency issued by the People’s Republic of China.
The table of sections for subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following:
Legislative Timeline
2 actions-
Introduced in Senate
-
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.