1. Short title This Act may be cited as the 21st Century Dollar Act . 2. Statement of United States policy regarding the dollar It is the policy of the United States to facilitate the position of the dollar as the primary global reserve currency, including through vigorous support of— (1) deep, open, and transparent financial markets; (2) continuous improvements to domestic and international payment methods that facilitate dollar transactions; (3) sound macroeconomic governance and a rules-based system of international trade; and (4) clear and realistic objectives in the deployment of financial restrictions arising from national security considerations. 3. Report on dollar strategy (a) In general The Secretary of the Treasury (in this Act referred to as the Secretary ) shall establish a strategy that implements the policy described in section 2. (b) Consultation The Secretary shall, as appropriate, consult with the Board of Governors of the Federal Reserve System when establishing the strategy pursuant to subsection (a). (c) Report Not later than 180 days after the date of the enactment of this section, the Secretary shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report that describes— (1) the strategy established by the Secretary pursuant to subsection (a); (2) key measures taken by the Secretary to implement the strategy; (3) any legislative recommendations that would strengthen the ability of the United States to advance the policy described in section 2; (4) a description of efforts by major foreign central banks, including the People’s Bank of China, to create an official digital currency, as well as any risks to the national interest of the United States posed by such efforts; (5) the status of efforts to assess or develop an official United States digital currency by the Board of Governors of the Federal Reserve System