S 2101 · 106th Congress · Foreign Trade and International Finance
International Monetary Stability Act of 2000
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Star Print ordered on the report.(2000-07-26)
Plain Language Summary
[AI summary unavailable — showing source text]
International Monetary Stability Act of 2000 - Authorizes the Secretary of the Treasury to certify a country as officially dollarized (when a country substantially or totally eliminates its domestic currency and adopts the U.S. dollar as legal tender), after consideration of whether the country has taken specified actions with respect to its currency. Directs the Secretary, upon certification of a country, to pay to such country, every three months, an amount equal to a specified formula. Prohibits the previously dollarized Republic of the Marshall Islands, the Federated States of Micronesia, the Republic of Palau, Panama, East Timor, the Turks and Caicos Islands, and the British Virgin Islands from being certified as officially dollarized or issued payments until specified conditions are met.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeS. 2101, International Monetary Stability Act of 2000
May 23, 2000Cost estimate for the bill as introduced on February 24, 2000
Full CBO report ↗S. 2101, International Monetary Stability Act
May 23, 2000Cost estimate for the bill as modified by Senator Mack and submitted to CBO on May 2, 2000
Full CBO report ↗S. 2101, International Monetary Stability Act of 2000
Jul 21, 2000Cost estimate for the bill as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on July 13, 2000
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office