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H.R. 5404 (115th): To define the dollar as a fixed weight of gold.

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About the bill

Context

Since the earliest days of America until 1971, the country had used the “gold standard” for money. Under this system, U.S. currency was backed by physical gold, much of which kept in a heavily guarded location in Fort Knox, Kentucky. This was intended to keep the price of money relatively standard and prevent runaway inflation, i.e. one dollar equals _x _grams of gold.

With a few exceptions, proponents say the system generally worked. Although the value of a U.S. dollar fluctuated a bit — since preventing that ...

Sponsor and status

Alex Mooney

Sponsor. Representative for West Virginia's 2nd congressional district. Republican.

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Last Updated: Mar 22, 2018
Length: 4 pages
Introduced
Mar 22, 2018
115th Congress, 2017–2019
Status
Died in a previous Congress

This bill was introduced on March 22, 2018, in a previous session of Congress, but was not enacted.

Source

History

Mar 22, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

H.R. 5404 (115th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.

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“H.R. 5404 — 115th Congress: To define the dollar as a fixed weight of gold.” www.GovTrack.us. 2018. December 11, 2019 <https://www.govtrack.us/congress/bills/115/hr5404>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.