H.R. 3506 · 117th Congress
21st Century Dollar Act
- Stage
- In committee
- Sponsor
- J. Hill
- Introduced
- 2021-05-25
- Latest action
- 2021-05-25 · Introduced in House
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.