# 119-sres-713: A resolution supporting the United States dollar as the reserve currency of the world and combating the economic influence of the People's Republic of China.

119-sres-713, A resolution supporting the United States dollar as the reserve currency of the world and combating the economic influence of the People's Republic of China., is a 119th Congress bill sponsored by Sen. Budd, Ted [R-NC] (R-NC); status introduced (as of 2026-05-08).

- Canonical: https://policyrisk.com/legislation/119-sres-713
- As of: 2026-05-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-sres-713
- Congress: 119
- Title: A resolution supporting the United States dollar as the reserve currency of the world and combating the economic influence of the People's Republic of China.
- Status: introduced
- Introduced: 2026-04-30
- Sponsor: Sen. Budd, Ted [R-NC] (R-NC)
- Cosponsors: 1
- Policy area: International Affairs
- Touches household money: no
- Last recorded action: 2026-05-08

## Summary

**Protecting the U.S. dollar's role as the global reserve currency** is the resolution's central aim. It would push U.S. policy to monitor and counter Chinese moves to internationalize the renminbi and build parallel financial networks. - U.S. policymakers and financial institutions would be urged to prioritize steps that keep the dollar central, noting the dollar held about **56.8%** of global reserves in Q3 2025 while the yuan held about **1.9%**. This frames U.S. strategy around preserving market confidence in the dollar. - Developing countries and borrowers would be part of the focus through calls to strengthen ties and offer alternatives to Chinese capital, citing the Belt and Road Initiative’s scale of about **$1.0 trillion** in projects since 2013. The resolution links debt practices to financial vulnerability. - Global market and security watchers would be warned about China’s expanding infrastructure, including roughly **$630 billion** in swap lines and over **1,700** banks on the Cross-Border Interbank Payment System. The resolution frames those tools as risks to U.S. leverage in crises.

## Cosponsors (1)

- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2026-04-30T00:00:00.000Z

## Related bills

- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-2647: International Trafficking Victims Protection Reauthorization Act of 2025
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-1639: American Innovation and Jobs Act
- 119-s-1241: Sanctioning Russia Act of 2025

## Sources
- [119-sres-713 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-resolution/713)

## Related
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-2647: International Trafficking Victims Protection Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2647)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-1639: American Innovation and Jobs Act](https://policyrisk.com/legislation/119-s-1639)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-sres-713 (as of 2026-05-08).