Scott said he reintroduced the Chinese CBDC Prohibition Act to bar MSBs and related businesses from using a PRC- or CCP-issued CBDC, including the digital yuan.
Reintroduce the Chinese CBDC Prohibition Act to bar money services businesses and related businesses from using a PRC- or CCP-issued central bank digital currency, including the digital yuan.
Occurrences
Evidence
Senator Rick Scott reintroduced his Chinese CBDC Prohibition Act, saying it would prohibit money services businesses, including Venmo, Zelle, currency dealers, and the U.S. Postal Service, from using any central bank digital currency issued by the PRC or CCP, including the digital yuan.
Scott's Senate office says he reintroduced the Chinese CBDC Prohibition Act to bar money services businesses, currency dealers, and USPS from using a PRC- or CCP-issued CBDC, including the digital yuan.
The 119th Congress bill text identifies Scott of Florida as introducer, names the measure the Chinese CBDC Prohibition Act of 2026, and adds a prohibition on money services businesses handling transactions involving a PRC central bank digital currency.
Congress.gov records that Sen. Rick Scott introduced S.3248, the Chinese CBDC Prohibition Act of 2023, and summarizes it as prohibiting money services businesses from transactions involving China's CBDC.
The Daily Signal reported that Scott reintroduced legislation to prohibit U.S.-based money services businesses from using CCP central bank digital currencies, including the digital yuan, and noted Scott previously introduced it in 2023.
Hoodline reports the current measure is S.4601 in the 119th Congress, introduced May 20, 2026, then read twice and referred to the Senate Banking Committee.
Assessments
The promise was specifically to reintroduce the Chinese CBDC Prohibition Act, not to enact it. The evidence shows Rick Scott reintroduced the 2026 bill during his current Senate term, with the bill matching the promised prohibition on money services businesses and related entities using a PRC- or CCP-issued CBDC, including the digital yuan. Because the promised action itself was completed, this is delivered in the same term.
The promised action was specifically to reintroduce the Chinese CBDC Prohibition Act, not necessarily to enact it. The evidence states that Senator Rick Scott reintroduced the bill on May 22, 2026, during his current federal Senate term, and that the bill would bar money services businesses and related entities from using a PRC- or CCP-issued central bank digital currency, including the digital yuan. This directly matches the promised action and policy scope, so it counts as delivered in the same term.