Legis Daily

Competitive Dollar for Jobs and Prosperity Act

USA116th CongressS-2357| Senate 
| Updated: 7/31/2019
Tammy Baldwin

Tammy Baldwin

Democratic Senator

Wisconsin

Cosponsors (1)
Josh Hawley (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 31, 2019
Introduced in Senate
Jul 31, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 31, 2019
    Introduced in Senate


  • July 31, 2019
    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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 31, 2019
Introduced in Senate
Jul 31, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 31, 2019
    Introduced in Senate


  • July 31, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Tammy Baldwin

Tammy Baldwin

Democratic Senator

Wisconsin

Cosponsors (1)
Josh Hawley (Republican)

Banking, Housing, and Urban Affairs Committee

Foreign Trade and International Finance

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationFederal Reserve SystemFree trade and trade barriersInternational monetary system and foreign exchangeUser charges and fees