H.R. 692 · 119th Congress · International Affairs
China Exchange Rate Transparency Act of 2025
Requires U.S. IMF director to advocate for China's exchange rate transparency and stronger monetary system accountability. AI-read
What it does
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.
Summary by the Congressional Research Service, Jan 23, 2025 (Introduced in House). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| Feb 10, 2025 House roll 35 |
On Motion to Suspend the Rules and Pass, as AmendedChina Exchange Rate Transparency Act | D 192–0 · R 196–7 |
Passed 388–7 |
Latest action
Feb 11, 2025 · Received in the Senate and Read twice and referred to the Committee on Foreign Relations.