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Protecting the US Dollar as Reserve Currency and Countering China's Economic Influence.

The Senate supports maintaining the US dollar as the world's primary reserve currency, essential for national financial stability and purchasing power. The resolution calls for monitoring and countering China's efforts, such as promoting the digital yuan and the Belt and Road Initiative, which are seen as threats to the dollar's global standing. These actions aim to secure the American economy against long-term external risks.
Key points
Dollar Protection: The Senate commits to taking steps to safeguard the dollar's status as the global reserve currency, indirectly protecting US savings and economic stability.
Countering China: US authorities must monitor and combat Chinese actions, including the development of the digital yuan and opaque lending through the Belt and Road Initiative.
Strengthening Alliances: The US will work to strengthen economic ties globally to offer developing nations alternatives to Chinese capital and debt.
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Additional Information
Print number: 118_SRES_460
Sponsor: Sen. Budd, Ted [R-NC]
Process start date: 2023-11-13
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A resolution supporting the United States dollar as the reserve currency of the world and combating the economic influence of the People's Republic of China.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_SRES_460.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-13.

What are the main provisions?

Key points include:

  • Dollar Protection: The Senate commits to taking steps to safeguard the dollar's status as the global reserve currency, indirectly protecting US savings and economic stability.
  • Countering China: US authorities must monitor and combat Chinese actions, including the development of the digital yuan and opaque lending through the Belt and Road Initiative.
  • Strengthening Alliances: The US will work to strengthen economic ties globally to offer developing nations alternatives to Chinese capital and debt.
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 Sen. Budd, Ted [R-NC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Security