Search

Search bills, members, committees and pages...

Sign In

S. 4601

U.S. Senate•In Senate Committee

Summary

S. 4601, the Chinese CBDC Prohibition Act of 2026, was introduced in the Senate on May 20, 2026 by Sen. Rick Scott (R) with 1 co-sponsor. It was referred to Banking, Housing, And Urban Affairs, and last saw action on May 20, 2026: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 4601 has 1 co-sponsor.

sb4601/introduced-in-senate.txt
119 S4601 IS: Chinese CBDC Prohibition Act of 2026
 U.S. Senate
 2026-05-20
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 4601  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.
1.
Short title
This Act may be cited as the   Chinese CBDC Prohibition Act of 2026  .
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:
5337. Money services businesses.
  .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-05-20
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

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.

Sponsors

Sen. Rick Scott (R) sponsors S. 4601, and 1 member has co-sponsored it.

Committees

S. 4601 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · May 20, 2026 · 465 Bills

Actions

S. 4601 has taken 2 actions since May 20, 2026.

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

Votes

S. 4601 has not gone to a roll call.

Titles

S. 4601 goes by 3 titles, 1 of them short titles.

  • Chinese CBDC Prohibition Act of 2026 — Display Title
  • Chinese CBDC Prohibition Act of 2026 — Short Title(s) as Introduced
  • 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. — Official Title as Introduced

Classification

The Congressional Research Service files S. 4601 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 4601’s is Finance and Financial Sector.

s4601/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com