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HR. 692 · 119th Congress

China Exchange Rate Transparency Act of 2025

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Bill details

Introduced: 1/23/2025
Status: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Bill ID: 119hr692
Latest action: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Summary

Introduced in House

China Exchange Rate Transparency Act of 2023 This bill requires the U.S. Executive Director at the International Monetary Fund (IMF) to use the voice and vote of the United States to advocate for increased exchange rate transparency from China. Some areas of focus for this advocacy are (1) Chinese exchange rate arrangements, including any indirect foreign exchange market intervention through Chinese financial institutions or state-owned enterprises; (2) enhanced multilateral and bilateral surveillance by the IMF; and (3) stronger consideration of China's performance as a responsible stakeholder in the international monetary system when evaluating quota and voting shares at the IMF. The requirements of the bill expire seven years and 30 days after the date of the bill's enactment or earlier if China meets certain conditions regarding its exchange rate policies.

Source: BILLSUM · Summary date: 1/23/2025

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Summary source label: BILLSUM
Congress.gov bill →GovInfo bill text (BILLS) →GovInfo summaries (BILLSUM) →OurCongress methodology →
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About this data

Non-partisan by design
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Official sources
Data is sourced from official government records (e.g., Congress.gov, GovInfo, Clerk of the House, and the U.S. Senate).
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Last updated: 1/23/2025Source: BILLSUMBill: 119hr692Learn more →