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United States · Bill · HR

H.R. 5404 (115th)

To define the dollar as a fixed weight of gold.

referredUnited States· United States Congress· EN

Introduced

22 March 2018

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

This bill requires the Department of the Treasury to define the dollar in terms of a fixed weight of gold, based on that day's closing market price of gold. The Federal Reserve Banks shall make Federal Reserve notes exchangeable with gold at the statutory gold definition of the dollar.

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Documents

3 official files

Introduced in House (text)

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Sources

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