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.

12/15/2023, 4:05 PM

This resolution expresses the sense of the Senate that the United States must

  • take steps to protect the U.S. dollar as the world's reserve currency and maintain its position as a key player in the global financial system,
  • monitor and counter China's efforts to undermine the U.S. dollar as the world's reserve currency,
  • strengthen its economic ties with critical regions in order to provide an alternative to Chinese capital, and
  • work with allies to promote economic policies that ensure growth and stability across developing countries.
Bill 118 SRES 460 is a resolution introduced in the United States Senate that expresses support for the United States dollar as the world's reserve currency and aims to address the economic influence of China. The resolution highlights the importance of the US dollar as a stable and reliable currency that is widely used in international trade and finance.

The resolution also raises concerns about the economic practices of the People's Republic of China, particularly its use of currency manipulation and unfair trade practices. It calls for measures to combat China's economic influence and protect American businesses and workers from unfair competition.

Overall, Bill 118 SRES 460 emphasizes the importance of maintaining the US dollar as the world's reserve currency and taking action to address the economic challenges posed by China. It reflects ongoing debates and concerns about the global economic landscape and the role of the United States in shaping international economic policies.
Congress
118
Number
SRES - 460
Introduced on
2023-11-13
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

11/13/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This resolution expresses the sense of the Senate that the United States must

  • take steps to protect the U.S. dollar as the world's reserve currency and maintain its position as a key player in the global financial system,
  • monitor and counter China's efforts to undermine the U.S. dollar as the world's reserve currency,
  • strengthen its economic ties with critical regions in order to provide an alternative to Chinese capital, and
  • work with allies to promote economic policies that ensure growth and stability across developing countries.
Bill 118 SRES 460 is a resolution introduced in the United States Senate that expresses support for the United States dollar as the world's reserve currency and aims to address the economic influence of China. The resolution highlights the importance of the US dollar as a stable and reliable currency that is widely used in international trade and finance.

The resolution also raises concerns about the economic practices of the People's Republic of China, particularly its use of currency manipulation and unfair trade practices. It calls for measures to combat China's economic influence and protect American businesses and workers from unfair competition.

Overall, Bill 118 SRES 460 emphasizes the importance of maintaining the US dollar as the world's reserve currency and taking action to address the economic challenges posed by China. It reflects ongoing debates and concerns about the global economic landscape and the role of the United States in shaping international economic policies.
Alternative Names
Official Title as IntroducedA 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.
Policy Areas
Finance and Financial Sector

Comments

Related

Committee:  Foreign Relations

Recent Activity

Latest Summary12/19/2024

This resolution expresses the sense of the Senate that the United States must

  • take steps to protect the U.S. dollar as the world's reserve currency and maintain its position as a key player in the global financial system,
  • monito...
Latest Action11/13/2023
Referred to the Committee on Foreign Relations. (text: CR S5479)