,,ii #aaith ,,congress #b;d ,session ,s4 #dfja ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #bj1 #bjbf,mr4 ,scott of ,florida introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to prohibit money services businesses from engaging in any transaction that involves a central bank digital currency issued by the ,people's ,republic of ,china1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,chinese ,,cbdc ,prohibition ,act of #bjbf4 #b4 ,money services businesses 7a7 ,in general ,subchapter ,,ii of chapter #ec of title #ca1 ,united ,states ,code1 is amended by adding at the end the following3 #eccg4 ,money services businesses 7a7 ,definition ,in this section1 the term money services business has the meaning given the term in section #ajaj4ajj of title #ca1 ,code of ,federal ,regulations4 7b7 ,transactions involving digital currency of the ,people's ,republic of ,china ,no money services business may engage in any transaction1 directly or indirectly1 that involves a central bank digital currency issued by the ,people's ,republic of ,china4 4 7b7 ,technical and conforming amendment ,the table of sections for subchapter ,,ii of chapter #ec of title #ca1 ,united ,states ,code1 is amended by adding at the end the following3 #eccg4 ,money services businesses4 4