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Strengthening the Dollar: Strategy and Digital Currency Reports

This act aims to maintain the U.S. dollar's position as the primary global reserve currency. It mandates the development of a strategy to support this role and requires regular reports on digital currencies, including the Chinese yuan. For citizens, this means financial stability and the dollar's international standing, indirectly affecting purchasing power and import costs.
Key points
Dollar Support: The act aims to keep the dollar as the main currency in international trade and central bank reserves.
Digital Currency Reports: The government will monitor the development of digital currencies, including the Chinese yuan, and assess their impact on U.S. interests.
Financial Strategy: The Treasury Secretary will develop an action plan to keep the dollar strong in global markets, which can affect price stability and investments.
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Additional Information
Print number: 117_HR_3506
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2021-05-25
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

21st Century Dollar Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3506.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-25.

What are the main provisions?

Key points include:

  • Dollar Support: The act aims to keep the dollar as the main currency in international trade and central bank reserves.
  • Digital Currency Reports: The government will monitor the development of digital currencies, including the Chinese yuan, and assess their impact on U.S. interests.
  • Financial Strategy: The Treasury Secretary will develop an action plan to keep the dollar strong in global markets, which can affect price stability and investments.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hill, J. French [R-AR-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy