Warren Davidson (R-OH)
Dollar Dominance Act of 2025
A Republican bill with no cosponsors
Last activity — 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.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The "Dollar Dominance Act of 2025" proposes creating the Office of Strategic Currency Diplomacy within the Department of State's Bureau for Commercial Diplomacy. This office would work to stop rivals from undermining the U.S. dollar as the world's reserve currency and partner with allies to protect U.S.-dollar payment systems. It would also evaluate how virtual assets impact national security and foreign policy. The office is tasked with coordinating with other federal agencies, like the Treasury and Commerce departments, to keep the dollar preeminent in international markets. Additionally, it would monitor and counter the use of Central Bank Digital Currencies in other countries.
Yes· 3 of 7
- Scored +6
Does this favour talking over confrontation abroad?
Establishes a dedicated office for strategic currency diplomacy and international engagement.
- Scored +5
Does this strengthen ties with allied countries?
The bill explicitly mandates partnering with allies to protect dollar-denominated payment systems.
- Scored +4
Does this make trade with other countries easier?
Strengthening the preeminence of the dollar facilitates smoother international trade for the US.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Protecting National Economic Security: By monitoring and developing strategies to counter Central Bank Digital Currencies in other nations, the bill aims to protect national economic security (Section 2(b)(4)).
-
Strengthening Financial Systems: The bill seeks to partner with allies to ensure the integrity and strength of financial and payment systems denominated in U.S. dollars (Section 2(a)(2)).
-
National Security Evaluation: The office would evaluate how virtual assets affect U.S. national security and foreign policy (Section 2(a)(3)).
Potential Negative Impacts for People
- There are no specific negative consequences or burdens for individuals or groups of people explicitly listed in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- National Security And Foreign Policy
- Does this favour talking over confrontation abroad? — Establishes a dedicated office for strategic currency diplomacy and international engagement. Does this strengthen ties with allied countries? — The bill explicitly mandates partnering with allies to protect dollar-denominated payment systems. Does this make trade with other countries easier? — Strengthening the preeminence of the dollar facilitates smoother international trade for the US. Does this better protect the country from computer attacks? — Evaluating virtual assets and digital currencies helps mitigate national security risks.
- Demographic And Interest Groups
- Would business owners be better off under this? — Stable reserve currency status protects international business transactions.
- Economy And Finance
- Is this likely to grow the economy? — Maintaining the dollar as the reserve currency supports long-term US economic stability and growth.
- Governance And Ideology
- Does this give the federal government more power? — Creates a new federal office and centralizes currency diplomacy within the State Department.
- 9/4/2025
- 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.
- Introduced in House