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Gold Standard Restoration: Dollar Linked to Gold

This bill aims to link the value of the US dollar to gold, potentially impacting price stability and purchasing power. Citizens may experience greater predictability in budgeting and savings, as well as potentially more stable prices for goods and services. This change seeks to protect savings from inflation and foster economic growth.
Key points
The US dollar will be defined as a fixed weight of gold, aiming to stabilize its value.
Federal Reserve banks will be required to redeem dollars for gold at a fixed price, increasing currency confidence.
All government and Federal Reserve gold holdings data will be made public, ensuring transparency.
The goal is to protect citizens' purchasing power and support economic stability.
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Expired
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Additional Information
Print number: 118_HR_2435
Sponsor: Rep. Mooney, Alexander X. [R-WV-2]
Process start date: 2023-03-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Gold Standard Restoration Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2435.

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 2023-03-30.

What are the main provisions?

Key points include:

  • The US dollar will be defined as a fixed weight of gold, aiming to stabilize its value.
  • Federal Reserve banks will be required to redeem dollars for gold at a fixed price, increasing currency confidence.
  • All government and Federal Reserve gold holdings data will be made public, ensuring transparency.
  • The goal is to protect citizens' purchasing power and support economic stability.
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 2025-12-24.

CATEGORIES

Economy