SRES 713 · 119th Congress — 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.
This bill would market-based, free-floating exchange rates and independent monetary policy; Whereas the International Monetary Fund reports the United States dollar accounted for approximately 71 percent of global currency reserves in…
- Congress
- 119
- Bill
- SRES 713
- Status
- Introduced
- Introduced
- 2026-04-30
- Latest action date
- 2026-04-30
Summary
This bill would market-based, free-floating exchange rates and independent monetary policy; Whereas the International Monetary Fund reports the United States dollar accounted for approximately 71 percent of global currency reserves in 1999 and has since declined to 56.
This summary may describe an earlier version. Check the official record for current wording.
Latest action
Referred to the Committee on Foreign Relations. (text: CR S2176-2177)
Sponsors
- Sen. Budd, Ted [R-NC]
Republican · North Carolina · Senate · Republican