HR 9157 · 117th Congress

To define the dollar as a fixed weight of gold, and for other purposes.

<p>This bill requires the Department of the Treasury to define the Federal Reserve note dollar in terms of a fixed weight of gold, based on that day's closing market price of gold. Federal Reserve Banks must exchange Federal Reserve notes with gold at this price. If a Federal Reserve Bank does not do this, Treasury…

Sponsor

Mooney, Alexander X. (R-WV)

Introduced

2022-10-07

Policy area

Finance and Financial Sector

Latest action

Referred to the House Committee on Financial Services.