Introduced
April 30, 2026
Mr. Budd (for himself and Mrs. Shaheen) submitted the following resolution; which was referred to the Committee on Foreign Relations
RESOLUTION
Supporting the United States dollar as the reserve currency of the world and combating the economic influence of the People’s Republic of China.
- (1) the United States must take steps to protect the United States dollar as the reserve currency of the world and maintain its position as a key player in the global financial system;
- (2) the efforts of the People’s Republic of China to undermine the status of the United States dollar as the reserve currency of the world must be closely monitored, and appropriate measures must be taken to counter those efforts;
- (3) the United States must work to strengthen its economic ties with critical regions of the world to provide an alternative to PRC capital; and
- (4) the United States must continue to work with its allies to promote economic policies that ensure growth and stability across developing countries.