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Act to Neutralize Chinese Export Subsidies and Currency Manipulation

This act aims to strengthen US cooperation with allies to ensure China adheres to international export credit rules. It also introduces new criteria for assessing whether China manipulates its currency exchange rate, which could impact global trade and the economy. For citizens, this means potentially fairer trade conditions and financial stability.
Key points
Strengthening international cooperation to ensure China complies with export support rules.
Changing how China's currency manipulation is assessed, with potential opposition to increasing their IMF quota.
Shifting responsibility for international negotiations from the President to the Secretary of the Treasury, potentially affecting the speed and direction of actions.
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Additional Information
Print number: 119_HR_4522
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-07-17