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119-hr-5136119th CongressWALLET

Dollar Dominance Act of 2025

Sponsored By: Representative Davidson, Warren [R-OH-8]

Introduced

Summary

Protect the United States dollar's global dominance. This bill would create an Office of Strategic Currency Diplomacy inside the State Department to lead U.S. strategy on defending the dollar, coordinating with allies, and tracking virtual assets.

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  • Diplomats: Would get a single point of contact and senior adviser to represent the Secretary in international and bilateral currency talks.
  • Federal agencies: The office would coordinate with the Treasury, Commerce Department, and intelligence agencies to develop strategic plans that boost central bank dollar holdings and increase dollar-denominated transactions.
  • Allies and central banks: Would be partners in programs and policies aimed at expanding the share of foreign reserves and international trade settled in U.S. dollars.
  • Financial and digital-asset sectors: The office would evaluate virtual assets for foreign policy and national security, represent the U.S. on U.S. dollar stablecoin issues, and design strategies to counter adoption of Central Bank Digital Currencies (CBDCs).
  • Sanctions and security policy: Would align U.S. foreign policy tools, including sanctions, with stated national monetary security goals.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

New office to protect the dollar

If enacted, the State Department would create an Office of Strategic Currency Diplomacy under the Assistant Secretary. It would work with Treasury, Commerce, intelligence agencies, and allies to protect dollar-based payments. The office would develop plans to expand dollar holdings and dollar-denominated transactions worldwide. Findings would be included in the State Department’s Biannual Economic Security Report. It would assess virtual assets, dollar stablecoins, and foreign central bank digital currencies. It could lead international talks and select overseas programs to keep the dollar preeminent.

Sponsors & CoSponsors

Sponsor

Davidson, Warren [R-OH-8]

OH • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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