To define the dollar as a fixed weight of gold, and for other purposes.

Referred to the House Committee on Financial Services.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Oct 7, 2022

This bill requires the Department of the Treasury to define the Federal Reserve note dollar in terms of a fixed weight of gold, based on that day's closing market price of gold. Federal Reserve Banks must exchange Federal Reserve notes with gold at this price. If a Federal Reserve Bank does not do this, Treasury must make any exchange and place a corresponding lien on the assets of that bank.

In addition, Treasury and the Board of Governors of the Federal Reserve must report on U.S. gold holdings.

Read the summary on Congress.gov

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People & committees

Who introduced it

Rep. Mooney, Alexander X. [R-WV-2] · R–WV

Committees

Financial Services Committee

2 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Oct 7, 2022
Referred to the House Committee on Financial Services.
Oct 7, 2022
Introduced in House
Oct 7, 2022
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Oct 7, 2022 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 2435 · Gold Standard Restoration Act

Source last updated: Sep 26, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.9157 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss H.R.9157, 117th Congress: To define the dollar as a fixed weight of gold, and for other purposes.

Official record: https://www.congress.gov/bill/117th-congress/house-bill/9157

Text version to examine: Introduced in House · 2022-10-07.

Official full text: https://www.congress.gov/117/bills/hr9157/BILLS-117hr9157ih.htm

Imported record last updated by the source: 2025-09-26T16:27:12Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.9157 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.9157 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.9157, 117th Congress: To define the dollar as a fixed weight of gold, and for other purposes.

Official record: https://www.congress.gov/bill/117th-congress/house-bill/9157

Text version to examine: Introduced in House · 2022-10-07.

Official full text: https://www.congress.gov/117/bills/hr9157/BILLS-117hr9157ih.htm

Imported record last updated by the source: 2025-09-26T16:27:12Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.9157 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.9157 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.9157, 117th Congress: To define the dollar as a fixed weight of gold, and for other purposes.

Official record: https://www.congress.gov/bill/117th-congress/house-bill/9157

Text version to examine: Introduced in House · 2022-10-07.

Official full text: https://www.congress.gov/117/bills/hr9157/BILLS-117hr9157ih.htm

Imported record last updated by the source: 2025-09-26T16:27:12Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.9157 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.9157 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.9157, 117th Congress: To define the dollar as a fixed weight of gold, and for other purposes.

Official record: https://www.congress.gov/bill/117th-congress/house-bill/9157

Text version to examine: Introduced in House · 2022-10-07.

Official full text: https://www.congress.gov/117/bills/hr9157/BILLS-117hr9157ih.htm

Imported record last updated by the source: 2025-09-26T16:27:12Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.9157 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.