,,ii #aagth ,,congress #ast ,session ,s4 #bedc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #bi1 #bjba,mr4 ,hagerty 7for himself1 ,mr4 ,warner1 ,ms4 ,lummis1 ,mr4 ,cramer1 ,mr4 ,grassley1 ,mr4 ,cruz1 ,mr4 ,scott of ,florida1 ,mr4 ,braun1 and ,mr4 ,young7 introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to require a study on the national security implications of the ,people's ,republic of ,china's efforts to create an official digital currency4 #a4 ,study on the creation of an official digital currency by the ,people's ,republic of ,china 7a7 ,in general ,not later than one year after the date of the enactment of this ,act1 the ,president shall submit to the appropriate committees of ,congress a report on the short-1 medium-1 and long-term national security risks associated with the creation and use of the official digital renminbi of the ,people's ,republic of ,china1 including-- 7#a7 risks arising from potential surveillance of transactions2 7#b7 risks related to security and illicit finance2 and 7#c7 risks related to economic coercion and social control by the ,people's ,republic of ,china4 7b7 ,form of report ,the report required by subsection 7a7 shall be submitted in unclassified form but may include a classified annex4 7c7 ,appropriate committees of ,congress defined ,in this section1 the term appropriate committees of ,congress means-- 7#a7 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 the ,committee on ,foreign ,relations1 the ,committee on ,appropriations1 and the ,select ,committee on ,intelligence of the ,senate2 and 7#b7 the ,committee on ,financial ,services1 the ,committee on ,foreign ,affairs1 the ,committee on ,appropriations1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives4