HR 3506
21st Century Dollar Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the 21st Century Dollar Act, directs the Treasury Department to develop a strategy to maintain the U.S. dollar’s position as the world’s primary reserve currency. The Secretary of the Treasury will create a report outlining steps to achieve this goal, including examining efforts by other countries, like China, to develop their own digital currencies and assessing the potential impact of the renminbi on global finance. The report will also include legislative recommendations and be updated annually for seven years.
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