Sec. 356. Study on the creation of an official digital currency by the People's Republic of China
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/bill/117/s/2610/pcs/section-356A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section, the term appropriate committees of Congress means— the congressional intelligence committees; the Committee on Banking, Housing, and Urban Affairs, the Committee on Foreign Relations, and the Committee on Appropriations of the Senate; and the Committee on Financial Services, the Committee on Foreign Affairs, and the Committee on Appropriations of the House of Representatives. Not later than one year after the date of the enactment of this Act, the President shall submit to the appropriate committees of Congress a report on the short-, medium-, and long-term national security risks associated with the creation and use of the official digital renminbi of the People’s Republic of China, including— risks arising from potential surveillance of transactions; risks related to security and illicit finance; and risks related to economic coercion and social control by the People’s Republic of China.
The report required by subsection
(b)shall be submitted in unclassified form, but may include a classified annex.