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H.R. 5404 Bill,關於 美元 與 黃金 今後 的 關係

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Congress H.R. 5404 Bill: To define $ as a fixed weight of Gold

 
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Congress H.R. 5404 Bill: To define the Dollar as a fixed weight of gold. 

Full Text of H.R. 5404 Bill:

https://www.congress.gov/115/bills/hr5404/BILLS-115hr5404ih.pdf

 

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Text: H.R.5404 — 115th Congress (2017-2018)All Information (Except Text)

There is one version of the bill.

Text available as:

Shown Here:
Introduced in House (03/22/2018)

 
[Congressional Bills 115th Congress][From the U.S. Government Publishing Office][H.R. 5404 Introduced in House (IH)]<DOC>115th CONGRESS  2d Session                                H. R. 5404            To define the dollar as a fixed weight of gold._______________________________________________________________________                    IN THE HOUSE OF REPRESENTATIVES                             March 22, 2018 Mr. Mooney of West Virginia introduced the following bill; which was             referred to the Committee on Financial Services_______________________________________________________________________                                 A BILL             To define the dollar as a fixed weight of gold.    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,SECTION 1. FINDINGS.    Congress finds the following:            (1) The United States dollar has lost 30 percent of its         purchasing power since 2000, and 96 percent of its purchasing         power since the end of the gold standard in 1913.            (2) Under the Federal Reserve's 2 percent inflation         objective, the dollar loses half of its purchasing power every         generation, or 35 years.            (3) American families need long-term price stability to         meet their household spending needs, save money, and plan for         retirement.            (4) The Federal Reserve policy of long-term inflation has         made American manufacturing uncompetitive, raising the cost of         United States manufactured goods by more than 40 percent since         2000, compared to less than 20 percent in Germany and France.            (5) Between 2000 and 2010, United States manufacturing         employment shrunk by one-third after holding steady for 30         years at nearly 20,000,000 jobs.            (6) The American economy needs a stable dollar, fixed         exchange rates, and money supply controlled by the market not         the government.            (7) The gold standard puts control of the money supply with         the market instead of the Federal Reserve.            (8) The gold standard means legal tender defined by and         convertible into a certain quantity of gold.            (9) Under the gold standard through 1913 the United States         economy grew at an annual average of four percent, one-third         larger than the growth rate since then and twice the level         since 2000.            (10) The international gold exchange standard from 1914 to         1971 did not provide for a United States dollar convertible         into gold, and therefore helped cause the Great Depression and         stagflation.            (11) The Federal Reserve's trickle down policy of expanding         the money supply with no demand for it has enriched the owners         of financial assets but endangered the jobs, wages, and savings         of blue collar workers.            (12) Restoring American middle-class prosperity requires         change in monetary policy authorized to Congress in Article I,         Section 8, Clause 5 of the Constitution.SEC. 2. DEFINE THE DOLLAR IN TERMS OF GOLD.    Effective 30 months after the date of enactment of this Act--            (1) the Secretary of the Treasury (in this Act referred to         as the ``Secretary'') shall define the dollar in terms of a         fixed weight of gold, based on that day's closing market price         of gold; and            (2) Federal Reserve Banks shall make Federal Reserve notes         exchangeable with gold at the statutory gold definition of the         dollar.SEC. 3. DISCLOSURE OF HOLDING.    During the 30-month period following the date of enactment of this Act, the United States Government shall take timely and reasonable steps to disclose all of its holdings of gold, together with a contemporaneous report of any United States governmental purchases or sales, thus enhancing the ability of the market and of market participants to arrive at the fixed dollar-gold parity in an orderly fashion.                                 <all>
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