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SRES713119th Congress

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.

Sponsored By: Senator Budd, Ted [R-NC]

Introduced

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.

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  • 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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Budd, Ted [R-NC]

NC • R

Cosponsors

  • Sen. Shaheen, Jeanne [D-NH]

    NH • D

    Sponsored 4/30/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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