3.0.0 6690 2022-02-03T05:17:50Z 2022-02-03T05:17:50Z House H HR 2008-07-31 110 hsbu00 Budget Committee House Standing Referred to 2008-07-31T14:04:05Z hswm00 Ways and Means Committee House Standing Referred to 2008-07-31T14:04:00Z hsba00 Financial Services Committee House Standing Referred to 2008-07-31T14:03:50Z 2008-07-31 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, 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. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2008-07-31 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2008-07-31 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, 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. IntroReferral H11100-A 9 Library of Congress 2008-07-31 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-07-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-07-31 Introduced in House IntroReferral 1000 9 Library of Congress P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 N Finance and Financial Sector Accounting Administrative procedure Capital investments Commerce Congressional investigations Economics and Public Finance Federal Reserve System Gold Government Operations and Politics Income tax Law Monetary policy Money Open market operations Tax deductions Taxation Valuation Finance and Financial Sector 00 2008-07-31 Introduced in House 2008-12-18T15:13:22Z Sound Dollar and Economic Stimulus Act of 2008 - Requires the Board of Governors of the Federal Reserve System to: (1) make the value of the U.S. dollar equal to the market value of 0.05 of a troy ounce of gold; and (2) maintain that value at this level.

Directs the Board to: (1) conduct open market operations against an explicit target for the price of gold on the exchange operated by the Commodities Exchange, Inc. (COMEX) of the New York Mercantile Exchange, Inc.; and (2) not perform such operations indirectly, as in the current practice of targeting the federal funds rate.

Requires the Board to use its banking and bank regulatory powers to maintain and promote stable and effective financial markets during and after the transition to a defined value for the U.S. dollar.

Entitles all entities that depreciate capital assets for tax purposes to 100% expensing of all capital investment for tax purposes in the year that the investment is made.

Requires the Congressional Budget Office (CBO), in addition to the scoring CBO will do of the tax changes provided in this Act, to calculate the impact on federal revenues on a present value basis.

]]> Sound Dollar and Economic Stimulus Act of 2008 Short Titles as Introduced Sound Dollar and Economic Stimulus Act of 2008 Display Title Sound Dollar and Economic Stimulus Act of 2008 Official Title as Introduced To stimulate the economy and provide for a sound United States dollar by defining a value for the dollar, and for other purposes. Introduced in House 2008-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6690ih/xml/BILLS-110hr6690ih.xml 2008-07-31 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.