Bill · H.R. 5136· House(119-HR-5136)
Dollar Dominance Act of 2025
- Introduced
- 9/4/2025
- Last activity
- 9/4/2025 — 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.
- Sponsored by
- Warren Davidson
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The "Dollar Dominance Act of 2025" proposes creating the Office of Strategic Currency Diplomacy within the Department of State's Bureau for Commercial Diplomacy. This office would work to stop rivals from undermining the U.S. dollar as the world's reserve currency and partner with allies to protect U.S.-dollar payment systems. It would also evaluate how virtual assets impact national security and foreign policy. The office is tasked with coordinating with other federal agencies, like the Treasury and Commerce departments, to keep the dollar preeminent in international markets. Additionally, it would monitor and counter the use of Central Bank Digital Currencies in other countries.
Yes· 3 of 7
Does this favour talking over confrontation abroad?+6
Establishes a dedicated office for strategic currency diplomacy and international engagement.
Does this strengthen ties with allied countries?+5
The bill explicitly mandates partnering with allies to protect dollar-denominated payment systems.
Does this make trade with other countries easier?+4
Strengthening the preeminence of the dollar facilitates smoother international trade for the US.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protecting National Economic Security: By monitoring and developing strategies to counter Central Bank Digital Currencies in other nations, the bill aims to protect national economic security (Section 2(b)(4)).
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Strengthening Financial Systems: The bill seeks to partner with allies to ensure the integrity and strength of financial and payment systems denominated in U.S. dollars (Section 2(a)(2)).
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National Security Evaluation: The office would evaluate how virtual assets affect U.S. national security and foreign policy (Section 2(a)(3)).
Potential Negative Impacts for People
- There are no specific negative consequences or burdens for individuals or groups of people explicitly listed in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- National Security And Foreign Policy
- Improves Diplomatic Engagement+6Improves International Alliances+5Improves International Trade+4Improves Cybersecurity Defense+2
- Demographic And Interest Groups
- Good For Business Owners+3
- Economy And Finance
- Improves Economic Growth+3
- Governance And Ideology
- Increases Federal Power+3
- 9/4/2025
- 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.
- Introduced in House