Whereas the United States dollar serves an indispensable role in global commerce and finance; Whereas the United States dollar represents— (1) a stable, rule of law-based legal system; (2) democratic, representative government institutions; (3) highly liquid and reliable capital markets; (4) a robust and dynamic capitalist domestic economy; (5) deep and extensive global trading relationships; and (6) a significant commitment to market-based, free-floating exchange rates and independent monetary policy; Whereas the International Monetary Fund reports the United States dollar accounted for approximately 71 percent of global currency reserves in 1999 and has since declined to 58.88 percent in 2023; Whereas the People’s renminbi, the official currency of the People’s Republic of China (commonly referred to as the “yuan”), accounted for 2.45 percent of global currency reserves in the second quarter of 2023; Whereas the People’s Republic of China appears to have built substantial shadow reserves that are under the control of the People’s Bank of China, the central bank of the People’s Republic of China, but are obscured from international data; Whereas, in the fall of 2023, the People’s Republic of China reportedly intervened in international currency markets to support the renminbi; Whereas the Chinese Communist Party has disregarded the Paris Club and the Organisation for Economic Co-operation and Development and saddled developing countries with opaque and unsustainable debt, including through the Belt and Road Initiative; Whereas the Chinese Communist Party’s refusal to disclose its lending to foreign countries and reluctance to engage in significant debt restructuring is undermining the missions of the International Monetary Fund and the World Bank related to global economic development and stability; Whereas the Chinese Communist Party is now the largest official creditor and provider of export subsidies in the world