Proposed
Bill · 119th Congress · HR 5136
Dollar Dominance Act of 2025
Refreshed 3 h ago
Introduced 2025-09-04Topic: economy jobs · technology privacySummary
AI-generated summary, report an errorThis bill would create an Office of Strategic Currency Diplomacy inside the State Department's Bureau for Commercial Diplomacy. The office would work to counter efforts by rival countries to reduce use of the U.S. dollar as the world's reserve currency and would partner with allies on dollar-based payment systems. It would study how virtual assets affect U.S. foreign policy and national security, and align sanctions policy with monetary security. It would coordinate with the Treasury, Commerce, and intelligence agencies on plans to increase use of the dollar abroad, represent the State Department in international talks on virtual assets including dollar stablecoins, and develop strategies to counter other nations' adoption of central bank digital currencies.
Sponsors
- Warren Davidson Republican sponsor
- 0 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-09-04 | House | Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2025-09-04 | House | Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2025-09-04 | Introduced in House | introduce | |
| 2025-09-04 | Introduced in House | introduce |