I 115TH CONGRESS 2D SESSION H. R. 5404 To define the dollar as a fixed weight of gold. IN THE HOUSE OF REPRESENTATIVES MARCH 22, 2018 Mr. MOONEY of West Virginia introduced the following bill; which was referred to the Committee on Financial Services A BILL...
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I 115TH CONGRESS 2D SESSION H. R. 5404 To define the dollar as a fixed weight of gold. IN THE HOUSE OF REPRESENTATIVES MARCH 22, 2018 Mr. MOONEY of West Virginia introduced the following bill; which was referred to the Committee on Financial Services A BILL To define the dollar as a fixed weight of gold. 1 Be it enacted by the Senate and House of Representa- 2 tives of the United States of America in Congress assembled, 3 SECTION 1. FINDINGS. 4 Congress finds the following: 5 (1) The United States dollar has lost 30 per- 6 cent of its purchasing power since 2000, and 96 per- 7 cent of its purchasing power since the end of the 8 gold standard in 1913. 9 (2) Under the Federal Reserve’s 2 percent in- 10 flation objective, the dollar loses half of its pur- SSpencer on DSKBBXCHB2PROD with BILLS 11 chasing power every generation, or 35 years. VerDate Sep 11 2014 05:35 Mar 30, 2018 Jkt 079200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H5404.IH H5404
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