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HR 2435 118th Congress House Finance and Financial Sector

Gold Standard Restoration Act

Introduced: March 30, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Mar 30, 2023
Referred to the House Committee on Financial Services.
Mar 30, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Gold Standard Restoration Act

This bill requires the Department of the Treasury to define the Federal Reserve note dollar in terms of a fixed weight of gold, based on that day's closing market price of gold. Federal Reserve Banks must exchange Federal Reserve notes with gold at this price and create processes to facilitate exchanges between banks and the public. If a Federal Reserve Bank does not do this, Treasury must make any exchange and place a corresponding lien on the assets of that bank.

In addition, Treasury and the Board of Governors of the Federal Reserve must report on U.S. gold holdings.

What's happening now March 30, 2023

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Luna, Anna Paulina
Florida · Apr 6, 2023
 R
Biggs, Andy
Arizona · Mar 30, 2023
 R
Gosar, Paul A.
Arizona · Mar 30, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2435: Gold Standard Restoration Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2435/
MLA
"H.R. 2435: Gold Standard Restoration Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2435/.
Bluebook (legal)
H.R. 2435, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2435/.
Markdown link
[H.R. 2435: Gold Standard Restoration Act](https://openamerica.io/bill/118-HR-2435/)
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