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H.R. 3506

BillFederalHouseIn Committee
21st Century Dollar Act
About This Bill
Committee
Latest Action · May 25, 2021
Referred to the House Committee on Financial Services.
Congress
117th (2021–2023)
Introduced
May 25, 2021
Sponsor
Cosponsors (5)
1D 4R
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Summary

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21st Century Dollar Act This bill requires the Department of the Treasury to establish a strategy to facilitate the position of the dollar as the primary global reserve currency. Treasury must submit a report that includes (1) steps taken to implement this strategy, legislative recommendations, and efforts by major foreign central banks to create an official digital currency; and (2) an evaluation of the role of the renminbi (the official currency of China) in international payments and foreign exchange reserves.

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