CONGRESS FOR VOTERS

Rick Scott (R-FL)

Chinese CBDC Prohibition Act of 2026

S. 4601 · Senate bill Finance and Financial Sector

A Republican bill with 1 Republican cosponsor · See the cosponsor

Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Chinese CBDC Prohibition Act of 2026," aims to restrict specific financial activities. It would prohibit money services businesses from participating in any transaction that involves a central bank digital currency issued by the People's Republic of China. This restriction applies to transactions whether they are conducted directly or indirectly. The act proposes adding a new section to the United States Code to implement this rule.

Yes· 3 of 4

  • Scored +1

    Does this give people more protection from unfair business practices?

    The bill restricts the use of a specific foreign digital currency within the domestic financial ecosystem.

  • Scored +1

    Does this give people more control over their personal data?

    By limiting transactions involving a foreign state-issued digital currency, the bill may reduce potential digital surveillance risks.

  • Scored +1

    Does this give the federal government more power?

    The bill expands federal regulatory authority over money services businesses regarding foreign digital assets.

The opposite

  • Scored -1

    Would business owners be better off under this?

    Money services businesses face new operational restrictions and may face increased compliance burdens.