Dollar Dominance Act of 2025

The Dollar Dominance Act of 2025 establishes a new Office of Strategic Currency Diplomacy within the State Department's Bureau for Commercial Diplomacy. This office will coordinate federal efforts to protect the U.S. dollar's role as the global reserve currency by countering foreign efforts to reduce its use, working with allies on financial systems, and monitoring Central Bank Digital Currencies. It requires the office to develop strategic plans (included in the State Department's Biannual Economic Security Report) to increase central bank holdings of dollars and dollar-denominated international transactions. The bill directly affects U.S. foreign policy agencies like the Treasury, Commerce, and intelligence departments, requiring them to align their international programs with this goal.