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Chinese CBDC Prohibition Act of 2026

6/5/2026, 6:11 PM

Summary of Bill S 4601

This bill, "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," was introduced in the 119th Congress on May 20, 2026. Its specific directives aim to prevent money services businesses from participating in transactions related to digital currency issued by the Chinese central bank.

Read the Full Bill

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Current Status of Bill S 4601

Bill S 4601 is currently in the status of Bill Introduced since May 20, 2026. Bill S 4601 was introduced during Congress 119 and was introduced to the Senate on May 20, 2026.  Bill S 4601's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 20, 2026

Bipartisan Support of Bill S 4601

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4601

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 4601

Chinese CBDC Prohibition Act of 2026
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.

Comments

Sponsors and Cosponsors of S 4601

Rick Scott
Rick Scott
FloridaRepublican
Ted Cruz
Ted Cruz
TexasRepublican

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