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China Currency Transparency Act: Mandating IMF Pressure and Manipulation Review.

This law requires the US government to pressure the International Monetary Fund (IMF) to demand greater transparency regarding China's currency exchange rate policies. Crucially, the Treasury Secretary must formally determine within 90 days whether China meets the criteria for being designated a currency manipulator. The goal is to ensure fair global trade practices and protect US businesses from unfair competition.
Key points
The US must use its influence at the IMF to advocate for China to disclose how it manages its currency, including any hidden market interventions by state-owned entities.
The Treasury Secretary is mandated to issue a formal determination within 90 days on whether China is manipulating its currency, potentially triggering trade consequences.
The law aims to stabilize international trade conditions by enforcing global rules on currency management.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_S_4418
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2024-05-23
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

China Exchange Rate Transparency Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4418.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-05-23.

What are the main provisions?

Key points include:

  • The US must use its influence at the IMF to advocate for China to disclose how it manages its currency, including any hidden market interventions by state-owned entities.
  • The Treasury Secretary is mandated to issue a formal determination within 90 days on whether China is manipulating its currency, potentially triggering trade consequences.
  • The law aims to stabilize international trade conditions by enforcing global rules on currency management.
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

Who is the primary sponsor?

The primary sponsor is Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy