PlainBillCongress, translated.Legislation. Context. Public interest.Star Print ordered on the report.
Congressional Research Service
Version 00 · Introduced in Senate · Feb 24, 2000
International Monetary Stability Act of 2000 - Authorizes the Secretary of the Treasury to certify a country as officially dollarized (when a country substantially or totally eliminates its domestic currency and adopts the U.S. dollar as legal tender), after consideration of whether the country has taken specified actions with respect to its currency. Directs the Secretary, upon certification of a country, to pay to such country, every three months, an amount equal to a specified formula. Prohibits the previously dollarized Republic of the Marshall Islands, the Federated States of Micronesia, the Republic of Palau, Panama, East Timor, the Turks and Caicos Islands, and the British Virgin Islands from being certified as officially dollarized or issued payments until specified conditions are met.
People & committees
Sen. Mack, Connie, III [R-FL] · R–FL
Legislative record
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Star Print ordered on the report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 705.
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Mack with an amendment in the nature of a substitute. With written report No. 106-354. Additional views filed.
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Mack with an amendment in the nature of a substitute. With written report No. 106-354. Additional views filed.
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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