S. 4601 · Senate bill · 119th Congress

Chinese CBDC Prohibition Act of 2026

Sponsored by Sen. Rick Scott, Florida with 1 co-sponsor

Introduced May 20, 2026

Referred to the Banking, Housing, and Urban Affairs Committee

Latest action May 20, 2026

SponsorSen. Rick Scott, Florida· 1 cosponsorSen. Ted Cruz, Texas

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About 100 words

Contents

Sec. 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:

“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:

Official text, Introduced in Senate (May 20, 2026), from the Government Publishing Office via Congress.gov. Printed version (PDF) · All versions on Congress.gov