3.0.0 1576 2022-11-15T16:32:27Z 2022-11-15T16:32:27Z House H HR 2013-04-16 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. POE of Texas:H.R. 1576.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 5 & 6[Page H2066]]]> hsbu00 Budget Committee House Standing Referred to 2013-04-16T14:00:15Z hswm00 Ways and Means Committee House Standing Referred to 2013-04-16T14:00:10Z hsba00 Financial Services Committee House Standing Referred to 2013-04-16T14:00:05Z 2013-04-16 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 2013-04-16 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 2013-04-16 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 2013-04-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-04-16 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 and auditing Banking and financial institutions regulation Business investment and capital Commodities markets Currency Income tax deductions Metals Monetary policy Finance and Financial Sector 00 2013-04-16 Introduced in House 2013-05-16T12:17:41Z Dollar Bill Act of 2013 - Directs the Board of Governors of the Federal Reserve System (Board) to: (1) designate a "Target Week"; (2) employ a random process to select a specific day, hour, minute, and second during such Target Week as "Target Moment" (which shall not be publicly disclosed); (3) make the value of the U.S. dollar at the Target Moment equal to the price of gold on the exchange operated by the Commodities Exchange, Inc. (COMEX) of the New York Mercantile Exchange, Inc.; and (4) maintain the value of the U.S. dollar within plus or minus 2% of such price ("Target Range") thereafter.

Instructs the Board maintain the value of the United States dollar within the Target Range directly, via open market operations, and not 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.

Amends the Federal Reserve Act to remove Federal Reserve Bank authority to pay earnings on reserves.



]]> Dollar Bill Act of 2013 Display Title Dollar Bill Act of 2013 Short Titles as Introduced Dollar Bill Act of 2013 Official Title as Introduced To stimulate the economy, provide for a sound United States dollar by defining a value for the dollar, to remove the authority of Federal Reserve banks to pay earnings on certain balances maintained at such banks, and for other purposes. Introduced in House 2013-04-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1576ih/xml/BILLS-113hr1576ih.xml 2013-04-16 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.