Referred to the Committee on Foreign Relations. (text: CR S2176-2177)
2026-04-30
This resolution expresses support for maintaining the U.S. dollar's position as the world's primary currency for international trade and reserves, while opposing efforts by China to reduce reliance on the dollar in global commerce. The measure aims to protect American economic influence and competitiveness by countering Chinese initiatives to promote alternative currencies and payment systems. It affects American businesses, investors, and policymakers by signaling congressional intent to defend the dollar's dominant role in international finance.