Proposal:21st Century Dollar Act

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 3506
Type of Legislation	House Bill
Congress	117
Status	Archived — 117th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

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.

Bill Title

21st Century Dollar Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2021-05-25: Referred to the House Committee on Financial Services.
• 2021-05-25: Introduced in House
• 2021-05-25: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.