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US Demands China Currency Transparency at International Monetary Fund

This Act mandates the US Executive Director at the IMF to advocate for greater transparency regarding China's exchange rate policies, aiming to prevent currency manipulation. The goal is to ensure fair global trade practices, which indirectly supports US businesses and economic stability. While not directly altering domestic laws, this measure seeks to stabilize international financial markets, potentially impacting the cost of imported goods for consumers.
Key points
The US must use its influence at the IMF to push China to disclose all currency management activities, including indirect interventions by state-owned entities.
China's lack of transparency will be considered when evaluating its voting power and role within the international monetary system (IMF).
The law is temporary and will expire once China complies with transparency obligations or after seven years.
article Official text account_balance Process page
VOTING RESULTS
2024-01-12
100%
For 379
Against 1
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_839
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2023-02-06
Voting date: 2024-01-12
Meeting no: 2
Voting no: 9
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

China Exchange Rate Transparency Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_839.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-02-06.

What are the main provisions?

Key points include:

  • The US must use its influence at the IMF to push China to disclose all currency management activities, including indirect interventions by state-owned entities.
  • China's lack of transparency will be considered when evaluating its voting power and role within the international monetary system (IMF).
  • The law is temporary and will expire once China complies with transparency obligations or after seven years.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Meuser, Daniel [R-PA-9].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 379 - 1 (Roll no. 9). (text: 1/10/2024 CR H35)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy