Bill · S.Res. 713· Senate(119-SRES-713)
A resolution supporting the United States dollar as the reserve currency of the world and combating the economic influence of the People's Republic of China.
- Introduced
- 4/30/2026
- Last activity
- 4/30/2026 — Referred to the Committee on Foreign Relations. (text: CR S2176-2177)
- Sponsored by
- Ted Budd
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
A Senate resolution is the Senate speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the Senate agrees to it, it is officially the Senate's word; it is not a law, so the House and the President have no part in it.
What this bill would do
This resolution expresses the sense of the Senate regarding the protection of the United States dollar's role as the global reserve currency. It highlights concerns regarding the economic influence of the People's Republic of China and its efforts to internationalize the Chinese Yuan. The text notes that China is developing alternative financial infrastructures and digital currencies to insulate its trade from dollar-backed systems. The resolution calls for the United States to take steps to protect the dollar's position in the global financial system. Finally, it urges the U.S. to strengthen economic ties with critical regions and work with allies to promote stability in developing countries.
Yes· 3 of 5
Does this strengthen ties with allied countries?+4
The resolution calls for working with allies to promote global economic stability and growth.
Would business owners be better off under this?+3
Protecting the dollar's status and global trade connections benefits entities engaged in international commerce.
Is this likely to grow the economy?+3
The resolution seeks to maintain the dollar's global dominance and strengthen economic ties to bolster the U.S. economy.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protecting the status of the U.S. dollar: The resolution suggests the United States must take steps to maintain the dollar's position as a key player in the global financial system (Resolution Section 1). This is intended to protect the dollar's role in global commerce and finance.
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Strengthening economic ties: The resolution calls for the United States to strengthen economic ties with critical regions of the world (Resolution Section 3). This is meant to provide an alternative to capital provided by the People's Republic of China.
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Promoting global growth and stability: The resolution states the United States should work with allies to promote economic policies that ensure growth and stability across developing countries (Resolution Section 4).
Potential Negative Impacts for People
- No specific negative impacts are listed: The provided text contains various observations regarding the economic actions of the People's Republic of China and the Chinese Communist Party, but it does not explicitly state any negative consequences or burdens that the proposed actions in this resolution would have on individuals or groups of people.
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 International Alliances+4Improves International Trade+2
- Demographic And Interest Groups
- Good For Business Owners+3Good For High Income Households+2
- Economy And Finance
- Improves Economic Growth+3
- 4/30/2026
- Submitted in Senate
- Referred to the Committee on Foreign Relations. (text: CR S2176-2177)
- 1 Cosponsor added.
Jeanne ShaheenDemocrat · New Hampshire