Dollar Dominance Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5136 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 5136 To establish the Office of Strategic Currency Diplomacy in the Department of State. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 4, 2025 Mr. Davidson introduced the following bill; which was referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To establish the Office of Strategic Currency Diplomacy in the Department of State. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Dollar Dominance Act of 2025''. SEC. 2. OFFICE OF STRATEGIC CURRENCY DIPLOMACY. (a) Establishment.--There shall be in the Bureau for Commercial Diplomacy of the Department of State an Office of Strategic Currency Diplomacy, which shall be responsible to the Assistant Secretary for Commercial Diplomacy for all matters pertaining to-- (1) combatting efforts by strategic rivals and adversaries to undermine the use of the United States dollar as the world's reserve currency; (2) partnering with allies to ensure the strength and integrity of U.S.-dollar denominated payment and financial systems; (3) evaluating the implications of virtual assets for United States foreign policy and national security; (4) aligning United States foreign policy, and in particular the use of sanctions to advance foreign policy and national security objectives, with national monetary security; (5) where appropriate, leading the coordination of programs carried out abroad by Federal departme