South Carolina House Bill 4373

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Spectrum: Partisan Bill (Republican 22-0)
Status: Introduced on April 26 2023 - 25% progression
Action: 2023-05-09 - Member(s) request name added as sponsor: Kilmartin
Pending: House Labor, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]

Amend The South Carolina Code Of Laws By Amending Section 36-1-201, Relating To Commercial Code General Definitions, So As To Add The Definition Of "central Bank Digital Currency" And To Amend The Definition Of "money" To Exclude Central Bank Digital Currency; By Amending Section 26-6-160, Relating To Control Of Transferable Records Pursuant To The Uniform Electronic Transactions Act, So As To Make A Technical Change; By Amending Section 34-3-210, Relating To The General Powers Of A Banking Corporation, So As To Prohibit A Banking Corporation From Offering Any Service Or Approving Of Or Conducting Any Transaction That Involves Central Bank Digital Currency; And To Require The State Board Of Financial Institutions To Promulgate Regulations To Prohibit Entities Within Its Jurisdiction From Offering Or Providing Any Service Or Conducting Any Transaction That Would Utilize Central Bank Digital Currency.

Central Bank Digital Currency Prohibitions

Rep. Kathy Landing [R]	Rep. Alan Morgan [R]	Rep. Jordan Pace [R]	Rep. Raye Felder [R]
Rep. April Cromer [R]	Rep. Thomas Beach [R]	Rep. Daniel Gibson [R]	Rep. Patrick Haddon [R]
Rep. Bill Hager [R]	Rep. David Vaughan [R]	Rep. Shannon Erickson [R]	Rep. Joseph Bustos [R]
Rep. Tom Hartnett [R]	Rep. Rob Harris [R]	Rep. Josiah Magnuson [R]	Rep. David O'Neal [R]
Rep. James Burns [R]	Rep. Steven Long [R]	Rep. William Chumley [R]	Rep. Robert May [R]
Rep. Bill Taylor [R]	Rep. Jay Kilmartin [R]

Date	Chamber	Action
2023-05-09	House	Member(s) request name added as sponsor: Kilmartin
2023-05-03	House	Member(s) request name added as sponsor: Taylor
2023-04-27	House	Member(s) request name added as sponsor: Harris, Magnuson, O'Neal, Burns, Long, Chumley, May
2023-04-26	House	Referred to Committee on Labor, Commerce and Industry
2023-04-26	House	Introduced and read first time

S0861 (Similar To) 2024-01-09 - Referred to Committee on Banking and Insurance

Chapter	Article	Section	Citation Type	Statute Text
26	6	160	(n/a)	See Bill Text
34	3	210	(n/a)	See Bill Text
36	1	201	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=4373&session=125&summary=B
Text	https://www.scstatehouse.gov/sess125_2023-2024/prever/4373_20230426.htm