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.

Hozzl · 2023-12-15T16:05:09Z

Explore the details of Senate Bill 460 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. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/15/2023, 4:05 PM

Summary of Bill SRES 460

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.

Congressional Summary of SRES 460

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill SRES 460

Bill SRES 460 is currently in the status of Bill Introduced since November 13, 2023. Bill SRES 460 was introduced during Congress 118 and was introduced to the Senate on November 13, 2023. Bill SRES 460's most recent activity was Referred to the Committee on Foreign Relations. (text: CR S5479) as of November 13, 2023

Bipartisan Support of Bill SRES 460

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill SRES 460

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill SRES 460

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.