To define the dollar as a fixed weight of gold, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Gold Standard Restoration Act, requires findings Congress finds the following: The Federal reserve note has lost more than 40 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve, and requires define the Federal reserve note dollar in terms of gold. It relies on compliance mandates, product standards, reporting requirements, and procurement rules. The main policy areas are Regulated Industries and Finance.
Who Benefits and How
Financial services firms and customers affected by the bill could face lower compliance burdens and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Public beneficiaries or protected communities affected by the clause could face increased risk, and Regulated entities and members of the public affected by the bill would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Gold Standard Restoration Act.
- Requires findings Congress finds the following: The Federal reserve note has lost more than 40 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve...
- Requires define the Federal reserve note dollar in terms of gold.
- Requires disclosure of holdings To enable the market and market participants to arrive at the fixed Federal Reserve note dollar-gold parity in an orderly fashion, during the 24-month period following the date...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Gold Standard Restoration Act, requires findings Congress finds the following: The Federal reserve note has lost more than 40 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve, and requires define the Federal reserve note dollar in terms of gold.
Key Policy Areas
Regulated Industries, Finance
Primary Purpose
The bill creates short title This Act may be cited as the Gold Standard Restoration Act, requires findings Congress finds the following: The Federal reserve note has lost more than 40 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve, and requires define the Federal reserve note dollar in terms of gold.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
- Regulated entities and members of the public affected by the bill
- Financial services firms and customers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Mooney (for himself, Mr. Biggs, and Mr. Gosar) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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