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US HB5136
Bill
Status
9/4/2025
Primary Sponsor
Warren Davidson
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AI Summary
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Establishes the Office of Strategic Currency Diplomacy within the State Department's Bureau for Commercial Diplomacy to protect the U.S. dollar's status as the world's reserve currency.
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Directs the office to combat efforts by strategic rivals and adversaries to undermine dollar dominance and to partner with allies to strengthen U.S.-dollar denominated payment and financial systems.
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Requires coordination with Treasury, Commerce, and the Office of the Director of National Intelligence to develop strategic plans for inclusion in the State Department's Biannual Economic Security Report.
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Tasks the office with evaluating virtual assets' implications for foreign policy and national security, including representing the Secretary in international engagements on virtual assets and dollar-payment stablecoins.
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Mandates monitoring and developing strategies to counter the proliferation of foreign Central Bank Digital Currencies that could threaten dollar preeminence and national economic security.
Legislative Description
Dollar Dominance Act of 2025
Finance and financial sector
Last Action
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
9/4/2025