Govwatch

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4601 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4601

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.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                              May 20, 2026

  Mr. Scott of Florida introduced the following bill; which was read 
  twice and referred to the Committee on Banking, Housing, and Urban 
                                Affairs

_______________________________________________________________________

                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Chinese CBDC Prohibition Act of 
2026''.

SEC. 2. MONEY SERVICES BUSINESSES.

    (a) In General.--Subchapter II of chapter 53 of title 31, United 
States Code, is amended by adding at the end the following:
``Sec. 5337. Money services businesses
    ``(a) Definition.--In this section, the term `money services 
business' has the meaning given the term in section 1010.100 of title 
31, Code of Federal Regulations.
    ``(b) Transactions Involving Digital Currency of the People's 
Republic of China.--No money services business may engage in any 
transaction, directly or indirectly, that involves a central bank 
digital currency issued by the People's Republic of China.''.
    (b) Technical and Conforming Amendment.--The table of sections for 
subchapter II of chapter 53 of title 31, United States Code, is amended 
by adding at the end the following:

``5337. Money services businesses.''.
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Chinese CBDC Prohibition Act of 2026

Full Text
