3.0.0 835 2022-02-03T06:08:11Z 2022-02-03T06:08:11Z House H HR 2009-02-03 111 hsbu00 Budget Committee House Standing Referred to 2009-02-03T17:38:48Z hswm00 Ways and Means Committee House Standing Referred to 2009-02-03T17:38:47Z hsba00 Financial Services Committee House Standing Referred to 2009-02-03T17:38:46Z 2009-02-03 Referred to House Budget IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2009-02-03 Referred to House Ways and Means IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-02-03 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 2009-02-03 Referred to House Financial Services IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-02-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-02-03 Introduced in House IntroReferral 1000 9 Library of Congress P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 N F000448 Rep. Franks, Trent [R-AZ-2] Trent Franks R AZ 2 2009-02-03 True Finance and Financial Sector Accounting and auditing Banking and financial institutions regulation Business investment and capital Currency Income tax deductions Metals Monetary policy Finance and Financial Sector 00 2009-02-03 Introduced in House 2009-04-08T15:04:11Z Dollar Bill Act of 2009 - Directs the Board of Governors of the Federal Reserve System (Board) to make and maintain the value of the U.S. dollar at a market value of 0.002 of a troy ounce of gold.

Instructs the Board, in regulating such value, 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) use its banking and bank regulatory powers to maintain and promote stable, effective financial markets during and after the transition to such defined value.

Prohibits the Board from conducting open market operations indirectly, as in the current practice of targeting the Federal Funds rate.

Declares that, effective January 1, 2009, entities that depreciate capital assets for tax purposes shall be entitled to 100% expensing of all capital investment for tax purposes in the year that the investment is made.

Requires the Congressional Budget Office (CBO) to calculate the impact on federal revenues of the tax changes under this Act on a present value basis in the manner that such calculations are done by the Social Security Trustees, taking into account that: (1) first year expensing of capital investment accelerates, but does not change, the total amount of the depreciation that taxpayers take based upon their investments; and (2) capital investments by businesses have historically earned much higher returns than the interest rate on government bonds.

]]> Dollar Bill Act of 2009 Short Titles as Introduced Dollar Bill Act of 2009 Display Title Dollar Bill Act of 2009 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 2009-02-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr835ih/xml/BILLS-111hr835ih.xml 2009-02-03 Referred to House Budget 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.