Competitive Dollar for Jobs and Prosperity Act This bill requires the Federal Reserve Board to impose a market access charge on foreign purchasers of U.S. assets. The board must levy this charge in order to achieve and maintain a current account balance (i.e., current account surpluses or deficits that do not exceed an average of 0.5% of U.S. gross domestic product).
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Foreign Trade and International Finance
Banking and financial institutions regulationFederal Reserve SystemFree trade and trade barriersInternational monetary system and foreign exchangeUser charges and fees
Competitive Dollar for Jobs and Prosperity Act
USA116th CongressS-2357| Senate
| Updated: 7/31/2019
Competitive Dollar for Jobs and Prosperity Act This bill requires the Federal Reserve Board to impose a market access charge on foreign purchasers of U.S. assets. The board must levy this charge in order to achieve and maintain a current account balance (i.e., current account surpluses or deficits that do not exceed an average of 0.5% of U.S. gross domestic product).
Banking and financial institutions regulationFederal Reserve SystemFree trade and trade barriersInternational monetary system and foreign exchangeUser charges and fees