summary
Introduced
05/04/2023
05/04/2023
In Committee
05/04/2023
05/04/2023
Crossed Over
Passed
Dead
05/09/2024
05/09/2024
Introduced Session
125th General Assembly
Bill Summary
A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 36-1-201, RELATING TO THE DEFINITION OF "MONEY", SO AS TO PROVIDE THAT MONEY DOES NOT INCLUDE A CENTRAL BANK DIGITAL CURRENCY.
AI Summary
This bill amends the South Carolina Code of Laws to define "money" in a way that excludes a central bank digital currency (CBDC). A CBDC is defined as a digital medium of exchange or digital monetary unit of account issued directly to consumers by the U.S. Federal Reserve System, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system. The bill effectively bans the use of CBDCs in South Carolina.
Committee Categories
Business and Industry
Sponsors (42)
Bill Taylor (R)*,
Bruce Bannister (R),
Bart Blackwell (R),
Jeff Bradley (R),
Case Brittain (R),
Jerry Carter (R),
Micah Caskey (R),
Don Chapman (R),
Bobby Cox (R),
Heather Crawford (R),
Jason Elliott (R),
Shannon Erickson (R),
Cal Forrest (R),
Val Guest (R),
Patrick Haddon (R),
Kevin Hardee (R),
Bill Herbkersman (R),
Davey Hiott (R),
Bill Hixon (R),
Jeff Johnson (R),
Jay Jordan (R),
Jay Kilmartin (R),
Brian Lawson (R),
Randy Ligon (R),
Phillip Lowe (R),
R.J. May (R),
Tim McGinnis (R),
Cody Mitchell (R),
Travis Moore (R),
Adam Morgan (R),
Timothy Morgan (R),
Brandon Newton (R),
Weston Newton (R),
Melissa Oremus (R),
Tommy Pope (R),
Bill Sandifer (R),
Heath Sessions (R),
Anne Thayer (R),
Jay West (R),
Bill Whitmire (R),
Chris Wooten (R),
Richie Yow (R),
Last Action
Member(s) request name added as sponsor: Haddon (on 05/17/2023)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Banking System and Financial Institution Regulation and Reform
Macroeconomics
- ‐ Monetary Supply, Federal Reserve Board, and Treasury
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=4442&session=125&summary=B | 05/04/2023 |
| BillText | https://www.scstatehouse.gov/sess125_2023-2024/prever/4442_20230504.htm | 05/08/2023 |
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