US HB2558 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on May 7 2019 - 25% progression, died in committee
Action: 2019-05-07 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

To define the dollar as a fixed weight of gold.

Sponsors


History

DateChamberAction
2019-05-07HouseReferred to the House Committee on Financial Services.
2019-05-07HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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