Chinese CBDC Prohibition Act of 2026

Hozzl · 2026-06-05T18:11:41Z

Explore the details of Senate Bill 4601 Chinese CBDC Prohibition Act of 2026 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

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

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.