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S. 2357 116th Congress Senate

Competitive Dollar for Jobs and Prosperity Act

Official title: A bill to establish a national goal and mechanism to achieve a trade-balancing exchange rate for the United States dollar, to impose market access charge on ce… Show full official titleShow less

Official title: A bill to establish a national goal and mechanism to achieve a trade-balancing exchange rate for the United States dollar, to impose market access charge on certain purchases of United States assets, and for other purposes.

Introduced: July 31, 2019 Introduced by: Tammy Baldwin Democratic · Wisconsin See on congress.gov
Foreign Trade and International Finance Banking and financial institutions regulationFederal Reserve SystemFree trade and trade barriersInternational monetary system and foreign exchangeUser charges and fees
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 31, 2019
Introduced in Senate
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 Latest action July 31, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Competitive Dollar for Jobs and Prosperity Act

This bill requires the Federal Reserve Board to impose a market access charge on foreign purchasers of U.S. assets. The board must levy this charge in order to achieve and maintain a current account balance (i.e., current account surpluses or deficits that do not exceed an average of 0.5% of U.S. gross domestic product).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Hawley, Josh
Missouri · Jul 31, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2357: Competitive Dollar for Jobs and Prosperity Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-2357/
MLA
"S. 2357: Competitive Dollar for Jobs and Prosperity Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2357/.
Bluebook (legal)
S. 2357, 116th Cong. (2026), https://openamerica.io/bill/116-S-2357/.
Markdown link
[S. 2357: Competitive Dollar for Jobs and Prosperity Act](https://openamerica.io/bill/116-S-2357/)
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