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 currency.

Read twice and referred to the Committee on Foreign Relations.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Jul 29, 2021

This bill requires the President to report to Congress on the national security risks associated with any plans by China's government to create an official digital currency.

Read the summary on Congress.gov

PlainBill analysis is coming later. This page presents official source data. We have not yet published a PlainBill explanation for this bill.

People & committees

Who introduced it

Sen. Hagerty, Bill [R-TN] · R–TN

Committees

Foreign Relations Committee

9 cosponsorship records, including any withdrawals

Legislative record

Actions

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Jul 29, 2021
Read twice and referred to the Committee on Foreign Relations.
Jul 29, 2021
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Jul 29, 2021 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

S 2610 · Intelligence Authorization Act for Fiscal Year 2022

Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

Explore the bill from different angles

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Neutral evidence review

Objective

Analyze S.2543 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss S.2543, 117th Congress: 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 currency.

Official record: https://www.congress.gov/bill/117th-congress/senate-bill/2543

Text version to examine: Introduced in Senate · 2021-07-29.

Official full text: https://www.congress.gov/117/bills/s2543/BILLS-117s2543is.htm

Imported record last updated by the source: 2025-04-07T15:03:54Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.2543 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.2543 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss S.2543, 117th Congress: 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 currency.

Official record: https://www.congress.gov/bill/117th-congress/senate-bill/2543

Text version to examine: Introduced in Senate · 2021-07-29.

Official full text: https://www.congress.gov/117/bills/s2543/BILLS-117s2543is.htm

Imported record last updated by the source: 2025-04-07T15:03:54Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2543 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine S.2543 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss S.2543, 117th Congress: 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 currency.

Official record: https://www.congress.gov/bill/117th-congress/senate-bill/2543

Text version to examine: Introduced in Senate · 2021-07-29.

Official full text: https://www.congress.gov/117/bills/s2543/BILLS-117s2543is.htm

Imported record last updated by the source: 2025-04-07T15:03:54Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2543 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine S.2543 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss S.2543, 117th Congress: 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 currency.

Official record: https://www.congress.gov/bill/117th-congress/senate-bill/2543

Text version to examine: Introduced in Senate · 2021-07-29.

Official full text: https://www.congress.gov/117/bills/s2543/BILLS-117s2543is.htm

Imported record last updated by the source: 2025-04-07T15:03:54Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2543 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.