S. 2357 · 116th Congress
Competitive Dollar for Jobs and Prosperity Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BaldwinSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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).
What it does: CRS summary · Introduced in Senate · Jul 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).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Competitive Dollar for Jobs and Prosperity Act
Latest action (Jul 31, 2019): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Foreign Trade and International Finance · Origin: Senate · Introduced: Jul 31, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.