This Senate resolution affirms the critical role of the United States dollar as the world's reserve currency and seeks to counter the growing economic influence of the People's Republic of China. It highlights the dollar's foundation in a stable legal system, democratic institutions, and robust capital markets, while noting its decline in global currency reserves since 1999. The resolution details various concerns regarding China's economic practices. These include the PRC's undervalued renminbi , its use of "shadow reserves," and its intervention in foreign exchange markets. It also points to China's opaque and unsustainable debt practices through the Belt and Road Initiative , which has made it the largest official creditor globally and undermines international financial institutions. Furthermore, the resolution addresses China's aggressive steps to internationalize its currency, including the development of the digital yuan and its promotion within the BRICS group as a potential competitor to the dollar. It notes the increasing use of the yuan in global trade and the establishment of the Cross-Border Interbank Payment System (CIPS) as an alternative to SWIFT. The resolution concludes by stating that the United States must take steps to protect the dollar's status, monitor and counter China's undermining efforts, strengthen economic ties globally, and collaborate with allies to ensure economic growth and stability in developing countries.