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
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
Plain-English summary
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
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1