HR 556 · 118th Congress · Foreign Trade and International Finance
21st Century Dollar Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2023-01-26)
Plain Language Summary
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21st Century Dollar Act This bill requires the Department of the Treasury to establish a strategy to facilitate the position of the dollar as the primary global reserve currency. Treasury must submit a report that includes (1) steps taken to implement this strategy, legislative recommendations, and efforts by major foreign central banks to create an official digital currency; and (2) an evaluation of the role of the renminbi (the official currency of China) in international payments and foreign exchange reserves.…
Summarized by Claude AI · Non-partisan · For informational purposes only