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117-hr-9157117th Congress

To define the dollar as a fixed weight of gold, and for other purposes.

Sponsored By: Representative Mooney, Alexander X. [R-WV-2]

Unknown

Summary

This bill requires the Department of the Treasury to define the Federal Reserve note dollar in terms of a fixed weight of gold, based on that day's closing market price of gold. Federal Reserve Banks must exchange Federal Reserve notes with gold at this price. If a Federal Reserve Bank does not do this, Treasury must make any exchange and place a corresponding lien on the assets of that bank. In addition, Treasury and the Board of Governors of the Federal Reserve must report on U.S. gold holdings.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Mooney, Alexander X. [R-WV-2]

WV • R

Cosponsors

  • Rep. Gosar, Paul A. [R-AZ-9]

    AZ • R

    Sponsored 11/7/2022

  • Rep. Biggs, Andy [R-AZ-5]

    AZ • R

    Sponsored 11/17/2022

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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