,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #eef  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bf1 #bjbc,mr4
 ,hill 7= himself & ,mr4 ,himes7        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to support ! role ( ! ,unit$   
,/ates doll> z ! prim>y global res]ve   
curr5cy1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! #ba/    
,c5tury ,doll> ,act4  #b4 ,/atem5t (    
,unit$ ,/ates policy reg>d+ ! doll> ,x  
is ! policy ( ! ,unit$ ,/ates to        
facilitate ! position ( ! doll> z !     
prim>y global res]ve curr5cy1 includ+   
?r\gh vigor\s support (-- 7#a7 deep1    
op51 & transp>5t f9ancial m>kets2  7#b7 
cont9u\s improvem5ts to dome/ic &       
int]national paym5t me?ods t facilitate 
doll> transactions2  7#c7 s\nd          
macroeconomic gov]nance & a rules-bas$  
sy/em ( int]national trade2 &  7#d7 cle>
 & reali/ic objectives 9 ! deploym5t (  
f9ancial re/rictions aris+ f national   
security consid]ations4  #c4 ,report on 

doll> /rategy  7a7 ,9 g5]al ,! ,secret>y
 ( ! ,treasury 79 ?is ,act ref]r$ to z !
 ,secret>y7 %all e/abli% a /rategy t    
implem5ts ! policy describ$ 9 section   
#b4  7b7 ,consultation ,! ,secret>y     
%all1 z appropriate1 consult ) ! ,bo>d (
 ,gov]nors ( ! ,f$]al ,res]ve ,sy/em :5 
e/abli%+ ! /rategy pursuant to          
subsection 7a74  7c7 ,report ,n lat] ?an
 #ahj days aft] ! date ( ! enactm5t (   
?is section1 ! ,secret>y %all submit to 
! ,committee on ,f9ancial ,s]vices ( !  
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate a report t describes-- 7#a7 !    
/rategy e/abli%$ by ! ,secret>y pursuant
 to subsection 7a72  7#b7 key measures  
tak5 by ! ,secret>y to implem5t !       
/rategy2  7#c7 any legislative          
recomm5dations t w\ld /r5g!n ! ability (
 ! ,unit$ ,/ates to advance ! policy    
describ$ 9 section #b2  7#d7 a          
description ( ef=ts by major =eign      
c5tral banks1 includ+ ! ,p's ,bank (    
,*9a1 to create an (ficial digital      

curr5cy1 z well z any risks to !        
national int]e/ ( ! ,unit$ ,/ates pos$  
by su* ef=ts2  7#e7 ! /atus ( ef=ts to  
assess or develop an (ficial ,unit$     
,/ates digital curr5cy by ! ,bo>d (     
,gov]nors ( ! ,f$]al ,res]ve ,sy/em2 &  
7#f7 any implications = ! /rategy       
e/abli%$ by ! ,secret>y pursuant to     
subsection 7a7 aris+ f ! relative /ate (
 developm5t ( an (ficial digital curr5cy
 by ! ,unit$ ,/ates & o!r nations1      
includ+ ! ,p's ,republic ( ,*9a4  7d7   
,r5m9bi assessm5t ,! report describ$ 9  
subsection 7c7 %all-- 7#a7 evaluate !   
role ( ! r5m9bi 9 int]national paym5ts &
 =eign ex*ange res]ves2  7#b7 assess    
curr5cy-relat$ policies 9 ,*9a1         
includ+-- 7,a7 ! provision ( ,*9ese     
gov]nm5t-back$ assets2  7,b7 ! ext5sion 
( cr$it abroad by ! ,*9ese gov]nm5t2 &  
7,c7 ! developm5t ( cross-bord] paym5t  
sy/ems z tools to advance /rategic      
objectives ( ! ,gov]nm5t ( ! ,p's       
,republic ( ,*9a2 &  7#c7 recomm5d      
policy options aim$ at mitigat+         

m$ium-t]m & long-t]m risks to ! national
 int]e/ ( ! ,unit$ ,/ates t may arise z 
a result ( ! int]nationalization ( !    
r5m9bi4  7e7 ,annual updates ,aft]      
submitt+ an initial report 9 accordance 
) subsection 7c71 ! ,secret>y %all      
submit1 to ! ,committee on ,f9ancial    
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs ( ! ,s5ate1 an updat$ v]sion ( 
su* report ea* ye>4  #d4 ,sunset        
,section #c %all h no =ce or effect aft]
 ! date t is #g ye>s aft] ! date ( !    
enactm5t ( ?is ,act4