SENATE 3248118th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Chinese CBDC Prohibition Act of 2023
- Last Action
- 11/8/2023
Actions
- 2023-11-08Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-11-08Introduced in Senate
CRS Summary
As of 2023-11-08 (00)
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.
Cosponsors (2)
- Ted Cruz (R-TX)
- Marsha Blackburn (R-TN)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.