A bill to establish a national goal and mechanism to achieve a trade-balancing exchange rate for the United States dollar, to impose market access charge on certain purchases of United States assets, and for other purposes.
Competitive Dollar for Jobs and Prosperity Act
This bill requires the Federal Reserve Board to impose a market access charge on foreign purchasers of U.S. assets. The board must levy this charge in order to achieve and maintain a current account balance (i.e., current account surpluses or deficits that do not exceed an average of 0.5% of U.S. gross domestic product).
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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