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S. 3248 118th Congress Senate

Chinese CBDC Prohibition Act of 2023

Official title: A bill to prohibit money services businesses from engaging in any transaction that involves a central bank digital currency issued by the People's Republic of China, and for other purposes.

Introduced: November 8, 2023 Introduced by: Rick Scott Republican · Florida See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action November 8, 2023

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

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 804 Chinese CBDC Prohibition Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Blackburn, Marsha
Tennessee · Nov 8, 2023
 R
Cruz, Ted
Texas · Nov 8, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3248: Chinese CBDC Prohibition Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-3248/
MLA
"S. 3248: Chinese CBDC Prohibition Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3248/.
Bluebook (legal)
S. 3248, 118th Cong. (2026), https://openamerica.io/bill/118-S-3248/.
Markdown link
[S. 3248: Chinese CBDC Prohibition Act of 2023](https://openamerica.io/bill/118-S-3248/)
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