Bill116th CongressFiled Jul 31, 2019Foreign Trade and International Finance
S. 2357
Competitive Dollar for Jobs and Prosperity Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary 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).
What just happenedJul 31, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Baldwin, Tammy [D-WI](D-WI)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions5subjects
- Introduced in SenateJul 31, 2019
- Jul 31, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jul 31, 2019IntroReferral10000
Introduced in Senate