Competitive Dollar for Jobs and Prosperity Act

2019-07-31

Introduced in Senate

Competitive Dollar for Jobs and Prosperity Act

This bill requires the Federal Reserve Board to impose a market access charge on foreign purchasers of U.S. assets. The board must levy this charge in order to achieve and maintain a current account balance (i.e., current account surpluses or deficits that do not exceed an average of 0.5% of U.S. gross domestic product).

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