Financial institutions: banking practices; use of central bank digital currency; prohibit. Creates new act.

HB 5133, the "Central Bank Digital Currency Prevention Act," prohibits Michigan state and local government entities from accepting central bank digital currency (CBDC) as legal tender for taxes, fees, or services. It also bans government advocacy for CBDC testing or adoption by the U.S. government. The bill allows individuals harmed by violations to sue for triple damages in civil court. It directly affects state/local government operations and financial transactions within Michigan.