MI SR0086

Urges Congress to defend the U.S. dollar's role as the world's dominant reserve currency against proposals to replace it with a mix of currencies.

Emphasizes that the dollar has served as the international reserve currency since World War II due to America's position as the largest economy with stable, long-term productivity gains.

Notes that the dollar's reserve status enables the United States to import goods and pay debts using its own currency, and that foreign confidence in the dollar's value is essential to maintaining this role.

Calls for steps to strengthen the dollar against foreign currencies and bolster the underlying economic basis for the dollar's global dominance to prevent loss of confidence among foreign businesses and governments.

Directs copies of the resolution to be transmitted to the President of the U.S. Senate, Speaker of the U.S. House of Representatives, and Michigan's congressional delegation.