Alex Mooney: “That is pouring jet fuel onto an inflationary trajectory we have in the economy.”

I introduced H.R. 804, the Chinese CBDC Prohibition Act of 2023. This bill prohibits U.S. money services businesses from engaging in transactions involving a central bank digital currency issued by China.

In West Virginia, we have a lot of small banks.

I am grateful for the House Ethics Committee's decision and dismissed allegations of misconduct as driven by politically motivated actors on the extreme left.

This is bad for jobs. It is bad for the strength of the dollar. It is bad for our status as a reserve currency.