Amends the Federal Reserve Act to prohibit any officer or employee of the United States, in his or her official capacity, from purchasing the currency of any foreign country unless, on the date of the proposed purchase, such currency is used to determine the value of special drawing rights established under the International Monetary Fund.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Domestic Monetary Policy.
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