Senate Bill 2357
116th Congress(2019-2020)
Competitive Dollar for Jobs and Prosperity Act
Introduced
Introduced in Senate on Jul 31, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2357
Congress
116
Policy Area
Foreign Trade and International Finance
Foreign Trade and International Finance
Primary focus of measure is competitiveness, trade barriers and adjustment assistance; foreign loans and international monetary system; international banking; trade agreements and negotiations; customs enforcement, tariffs, and trade restrictions; foreign investment. Measures concerning border enforcement may fall under Immigration policy area.
No Senate votes have been held for this bill.
Summary
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).
July 31, 2019
Sort by most recent
07/31/2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
07/31/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:14 PM