Dollar Valuation Board Act

Summary

Dollar Valuation Board Act - Establishes the United States Dollar Valuation Board as an independent agency for the purpose of creating an ongoing process to reach an international accord on monetary exchange rates among trading nations. Directs the Board to: (1) determine and publish in the Federal Register the real dollar value for each business day; (2) transmit such value to the President, the Secretary of the Treasury, the Secretary of Commerce, the Board of Governors of the Federal Reserve System, and the International Monetary Fund; (3) prepare and transmit to the President, the Congress, the Federal Reserve Board, and other appropriate agencies a quarterly short-term report and an annual long-term report on monetary policy to bring the value of the dollar in the foreign currency exchange markets into line with the real value of the dollar; and (4) make recommendations to the President on items to be included in the agenda of any international economic conference, including a recommendation that the President urge major U.S. trading partners to establish currency evaluation boards. Terminates the Board on December 31, 1994.

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1 official file

• Introduced in House

  summary · EN · 18 November 1985

  Open at official source

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