Proposal:Chinese CBDC Prohibition Act of 2023

This proposal is archived and closed to further debate. It was introduced in the 118th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 804
Type of Legislation	House Bill
Congress	118
Status	Archived — 118th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

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.

Bill Title

Chinese CBDC Prohibition Act of 2023

Linked Goals

• Goal:Promote General Welfare

Steps

• 2023-02-02: Referred to the House Committee on Financial Services.
• 2023-02-02: Introduced in House
• 2023-02-02: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.