Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Prohibits Chinese digital currency from being used or circulated in the United States.
The problem
Concerns that China's digital currency could threaten U.S. financial independence, surveillance risks, and economic control by a foreign government.
The proposal
The bill bans the use, possession, or circulation of Chinese digital currency within U.S. borders and may impose restrictions on transactions involving it.
The impact
Affects financial institutions, international traders, technology companies, and individuals conducting cross-border transactions with China.
Prevents a foreign government's currency from gaining influence over American financial systems. Maintains U.S. control over domestic monetary policy and reduces dependency on Chinese financial infrastructure.
Chinese digital currency could allow the Chinese government to track American financial transactions. Blocking it protects privacy and prevents foreign monitoring of U.S. citizens and businesses.
Protects American financial markets from potential manipulation or disruption by foreign digital currencies. Ensures the U.S. dollar remains the primary currency for domestic and international transactions.
Takes a stance against Chinese economic influence and aligns with broader national security interests regarding competition with China.
Restricting Chinese digital currency could make business transactions with Chinese companies more difficult and expensive. American companies operating in China or trading with Chinese firms may face disadvantages.
Digital currencies can be difficult to track and regulate. Criminals and determined users may find ways around the ban, making enforcement costly and impractical.
China might respond by restricting U.S. digital currency or taking other trade actions. This could escalate economic tensions and harm American exports and businesses operating abroad.
Other countries are developing digital currencies too. Banning only Chinese currency may leave U.S. unprepared for broader digital currency competition globally.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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