S. 3248 · 118th Congress · Senate

Chinese CBDC Prohibition Act of 2023

Active· Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Nov 8, 23
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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.

Action Timeline

2
  1. NOV 08, 2023IntroReferral

    Introduced in Senate

  2. NOV 08, 2023IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees

1

Banking, Housing, and Urban Affairs Committee

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Referred: Nov 8, 2023

Active