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Chinese Currency Accountability: Impact on International Finance

This act aims to limit the influence of the Chinese currency on the international financial system. It requires the United States to oppose an increase in the weight of the Chinese yuan in the International Monetary Fund's currency basket, unless China meets specific conditions regarding fair financial practices. This is intended to protect the stability of the global economy and citizens' financial interests.
Key points
The U.S. will block increased influence of the Chinese currency in the IMF unless China meets specific conditions.
Conditions include adherence to international financial rules and no currency manipulation.
These provisions will expire 10 years after enactment.
article Official text account_balance Process page
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_386
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2025-01-14
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Chinese Currency Accountability Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_386.

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 2025-01-14.

What are the main provisions?

Key points include:

  • The U.S. will block increased influence of the Chinese currency in the IMF unless China meets specific conditions.
  • Conditions include adherence to international financial rules and no currency manipulation.
  • These provisions will expire 10 years after enactment.
What is the specific legal status?

The current status is Passed House.

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 Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy