# 119-s-4601: Chinese CBDC Prohibition Act of 2026

119-s-4601, Chinese CBDC Prohibition Act of 2026, is a 119th Congress bill sponsored by Sen. Scott, Rick [R-FL] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-06-07).

- Canonical: https://policyrisk.com/legislation/119-s-4601
- As of: 2026-06-07
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4601
- Congress: 119
- Title: Chinese CBDC Prohibition Act of 2026
- Status: introduced
- Introduced: 2026-05-20
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-06-07

## Summary

**Bans U.S. money services businesses from transacting in a central bank digital currency issued by the People's Republic of China.** This bill adds section 5337 to Title 31 and ties the term "money services business" to the regulatory definition in 31 C.F.R. 1010.100. It forbids any direct or indirect transaction by a covered money services business that involves the PRC-issued CBDC. The text sets this substantive restriction but does not list exemptions, penalties, or enforcement mechanisms in the section.

## Cosponsors (1)

- Sen. Cruz, Ted [R-TX] (R-TX), 2026-06-03T00:00:00.000Z

## Provisions PRIA read

- Ban on Chinese central bank digital currency: cost, medium. This bill would add a new federal rule and define "money services business" by reference to 31 C.F.R. 1010.100. If enacted, it would bar any money services business from doing any transaction, directly or indirectly, that uses a central bank digital currency issued by the People's Republic of China…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-s-524: Coast Guard Authorization Act of 2025
- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-4280: SAFE Act
- 119-s-873: Fighter Force Preservation and Recapitalization Act of 2025

## Sources
- [119-s-4601 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4601)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-s-524: Coast Guard Authorization Act of 2025](https://policyrisk.com/legislation/119-s-524)
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [119-s-873: Fighter Force Preservation and Recapitalization Act of 2025](https://policyrisk.com/legislation/119-s-873)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4601 (as of 2026-06-07).