S 3248 · 118th Congress · Finance and Financial Sector
Chinese CBDC Prohibition Act of 2023
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-11-08)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only