S. 4601 Introduced Finance and Financial Sector

Chinese CBDC Prohibition Act of 2026

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.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Scott, Rick [R-FL] Introduced May 20, 2026 Cosponsors 1 (1 R) Latest action May 20, 2026

Summary

The Congressional Research Service has not published a summary of this bill yet.

Congress.gov

Actions

  1. May 20, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. May 20, 2026 Introduced in Senate

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