S 3248
118th Congress
Senate
Finance and Financial Sector
Chinese CBDC Prohibition Act of 2023
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 8, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 8, 2023
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1