Already last month, US President Joe Biden announced that he was considering a diplomatic boycott after Democratic and Republican lawmakers, including Parliament Speaker Nancy Pelosi, advocated this in protest of China's human rights abuses.
However, it is not expected that athletes whose aim is towards the championship would be banned from riding.
The last time the United States completely boycotted the Olympics was in 1980, when Jimmy Carter was president.
The Beijing Winter Olympics run from 4 to 20 February.