24. Federal Reserve · Minor · Needs Congress
Create gold-convertible Treasury instruments or a temporary parallel gold standard
Printed page 738 24. Federal Reserve
“Beyond full backing, alternate paths to gold backing might involve gold-convertible Treasury instruments or allowing a parallel gold standard to operate temporarily alongside the current fiat dollar.”
What has happened
- Not started
No gold-convertible Treasury instrument was created and no parallel gold standard was authorized. Treasury issues no security redeemable in gold; the seven quarterly refunding statements in the window offer notes, bonds, bills, Treasury Inflation-Protected Securities and a floating rate note and nothing else. A Federal Register full-text search for the quoted phrase "parallel gold standard" since 2025-01-20 returns zero documents. The only gold bills in the 119th Congress are the Gold Reserve Transparency Act of 2025 (H.R. 3795, referred 2025-06-06; S. 3218, referred 2025-11-19), which would audit the reserves rather than monetize them, and Congressional Gold Medal measures.
No action found yet. This entry is the starting point, not a finding.
Research log
What was searched, and what didn’t count as evidence
Research notes
Read first, as the trail map directs: #2018 (back the dollar with gold at a Treasury-set price), researched 2026-08-27 and not started on the same bill scan. This item is the fallback the Mandate offers if full backing is not adopted, and it has not been adopted either.
Cluster negative search shared with #2020, recorded in docs/research/ch-24.md.
- Action
- create
- Object
- Gold-convertible Treasury instruments / parallel gold standard
- ID
- 2019