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To define the dollar as a fixed weight of gold.
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This bill 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.
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Filing registrants (1)
2020 · third_quarter · Minting/Money/Gold Standard
H.R. 2558 - To define the dollar as a fixed weight of gold.Full bill H.R. 8007 - Federal Reserve Sunshine ActFull bill Issues related to monetary policy, generally;
Client expense: $220,000 · Firm income: Not reported
Government targets: Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, SENATE, White House Office
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov