H.R. 5404 · 115th Congress
To define the dollar as a fixed weight of gold.
- Stage
- In committee
- Sponsor
- Alexander Mooney
- Introduced
- 2018-03-22
- Latest action
- 2018-03-22 · Introduced in House
Summary
This bill requires the Department of the Treasury to define the dollar in terms of a fixed weight of gold, based on that day's closing market price of gold. The Federal Reserve Banks shall make Federal Reserve notes exchangeable with gold at the statutory gold definition of the dollar.