H.R. 804 · 118th Congress
Chinese CBDC Prohibition Act of 2023
- Stage
- In committee
- Sponsor
- Blaine Luetkemeyer
- Introduced
- 2023-02-02
- Latest action
- 2023-02-02 · Introduced in House
Summary
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.