To define the dollar as a fixed weight of gold.
USA115th CongressHR-5404| House
| Updated: 3/22/2018
Alexander X. Mooney
Republican Representative
West Virginia
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
CurrencyGovernment information and archivesMonetary policy
To define the dollar as a fixed weight of gold.
USA115th CongressHR-5404| House
| Updated: 3/22/2018
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Alexander X. Mooney
Republican Representative
West Virginia
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
CurrencyGovernment information and archivesMonetary policy