On the recordMay 4, 2022
if we continue to ignore the threat posed by the digital yuan, Beijing will use this technology to increase its surveillance capacity, avoid U.S. sanctions, and threaten the dominance of the U.S. dollar in the global trade. This is the reason for this motion. This motion would require the managers to include a simple provision that will require OMB to work with our executive Agencies to put some much needed security measures in place. We cannot afford to look the other way while the CCP increases its own global power at the expense of the free world and is looking for opportunities to use the digital yuan to increase surveillance. I urge a ``yes'' vote on the motion. Vote on Motion The PRESIDING OFFICER. Is there further debate on the motion? If not, the question is on agreeing to the motion. The motion was agreed to. Motion to Instruct The PRESIDING OFFICER. The Senator from Arkansas.
