S 2357
116th Congress
Senate
Foreign Trade and International Finance
Banking and financial institutions regulation
Federal Reserve System
Free trade and trade barriers
International monetary system and foreign exchange
User charges and fees
Competitive Dollar for Jobs and Prosperity Act
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
Plain-English summary
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).
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1