HOUSE 2558116th CongressReferred to the House Committee on Financial Services.
To define the dollar as a fixed weight of gold.
- Last Action
- 5/7/2019
Actions
- 2019-05-07Referred to the House Committee on Financial Services.
- 2019-05-07Introduced in House
- 2019-05-07Introduced in House
CRS Summary
As of 2019-05-07 (00)
This bill requires the Department of the Treasury to define the dollar in terms of a fixed weight of gold, based on that day's closing market price of gold. The Federal Reserve Banks shall make Federal Reserve notes exchangeable with gold at the statutory gold definition of the dollar.
Subjects
- Currency
- Government information and archives
- Monetary policy
Sourced from Congress.gov (public domain).
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