Bill > HR556

This bill, the 21st Century Dollar Act, aims to support the role of the U.S. dollar as the primary global reserve currency. It establishes a policy for the United States to facilitate the dollar's position, including through supporting deep and transparent financial markets, improving domestic and international payment methods, promoting sound macroeconomic governance and rules-based trade, and using financial restrictions arising from national security considerations in a clear and realistic manner. The bill requires the Secretary of the Treasury to develop a strategy to implement this policy and submit a report to Congress within 180 days, which must include an assessment of China's digital currency efforts and their implications for the U.S. strategy. The bill also requires annual updates to the report, but the reporting requirement will sunset after 7 years.

Business and Industry

https://www.congress.gov/bill/118th-congress/house-bill/556/all-info