H.R.1638: Dollar Bill Act of 2011

About This Bill

Bill Sponsor

Bill Summary

Dollar Bill Act of 2011 - Requires the Board of Governors of the Federal Reserve System to: (1) make the value of the U.S. dollar equal to price of gold on the exchange operated by the Commodities Exchange, Inc. (COMEX) of the New York Mercantile Exchange, Inc.; and (2) maintain that value at this level. Prohibits the Board, in regulating the value of the U.S. dollar, from conducting open market operations indirectly, as in the current...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, 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.
Referred to House Financial Services
Referred to House Ways and Means
Referred to House Budget
Referred to the Subcommittee on Domestic Monetary Policy and Technology.
April 15, 2011

Introduced in the House by Ted Poe (R-Texas)

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