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HR 556 118th Congress House Foreign Trade and International Finance Asia China Congressional oversight Currency Digital media Foreign and international banking International monetary system and foreign exchange

21st Century Dollar Act

Introduced: January 26, 2023 Introduced by: Hill, J. French Republican · Arkansas 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
Jan 26, 2023
Referred to the House Committee on Financial Services.
Jan 26, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now January 26, 2023

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • HR 7476 Related bill Countering Communist China Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 1 Republican 6
R
Donalds, Byron
Florida · Jun 23, 2023
 R
Timmons, William R.
South Carolina · Jun 23, 2023
 R
Moore, Barry
Alabama · Jun 12, 2023
 R
Barr, Andy
Kentucky · Jun 7, 2023
 R
De La Cruz, Monica
Texas · Jun 5, 2023
 R
Lawler, Michael
New York · Feb 14, 2023
 D
Himes, James A.
Connecticut · Jan 26, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 556: 21st Century Dollar Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-556/
MLA
"H.R. 556: 21st Century Dollar Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-556/.
Bluebook (legal)
H.R. 556, 118th Cong. (2026), https://openamerica.io/bill/118-HR-556/.
Markdown link
[H.R. 556: 21st Century Dollar Act](https://openamerica.io/bill/118-HR-556/)
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