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Return to Gold Standard: Dollar Pegged to Gold

This bill aims to peg the value of the US dollar to a fixed weight of gold. This means banks would be required to redeem dollars for gold at a set price, intending to stabilize the currency's purchasing power and protect citizens' savings from inflation. These changes could impact goods prices, living costs, and household financial stability.
Key points
The US dollar would be defined by a fixed weight of gold, aiming to prevent currency devaluation.
Federal Reserve banks would be required to redeem dollars for gold, promoting price stability and protecting savings.
The government would disclose all gold holdings and transactions, increasing transparency.
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Status:
Expired
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Additional Information
Print number: 117_HR_9157
Sponsor: Rep. Mooney, Alexander X. [R-WV-2]
Process start date: 2022-10-07
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To define the dollar as a fixed weight of gold, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9157.

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 2022-10-07.

What are the main provisions?

Key points include:

  • The US dollar would be defined by a fixed weight of gold, aiming to prevent currency devaluation.
  • Federal Reserve banks would be required to redeem dollars for gold, promoting price stability and protecting savings.
  • The government would disclose all gold holdings and transactions, increasing transparency.
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. Mooney, Alexander X. [R-WV-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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy