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.
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Committee
Latest Action · April 30, 2026
Referred to the Committee on Foreign Relations. (text: CR S2176-2177)
This Senate resolution expresses support for maintaining the United States dollar as the world's reserve currency and calls for measures to counter China's efforts to expand its economic influence globally. The resolution documents concerns about China's activities, including its development of a digital yuan currency, expansion of lending through the Belt and Road Initiative which invested over $1 trillion since 2013, creation of alternative financial payment systems to bypass U.S.-controlled channels, and efforts to internationalize the Chinese yuan through currency swap agreements with other central banks. The resolution notes that the dollar's share of global currency reserves has declined from 71 percent in 1999 to about 57 percent in 2025, while China's yuan has grown to nearly 2 percent of reserves. The resolution calls for the Senate to support protecting the dollar's reserve currency status, monitoring China's financial initiatives, strengthening U.S. economic ties with other regions, and working with allies on economic policies for developing countries. As a resolution expressing the sense of the Senate, this measure does not authorize spending or create binding policy but reflects congressional sentiment on these economic and national security concerns.
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