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China Currency Transparency Act: US Pressure on IMF for Fair Exchange Rates.

This law requires the U.S. representative at the International Monetary Fund (IMF) to advocate strongly for China to increase transparency regarding its currency exchange rate policies. The goal is to ensure China is not unfairly manipulating its currency, which is vital for global trade stability and fair competition for American businesses. The provisions of this Act will expire once China meets IMF transparency obligations or after seven years.
Key points
Mandates the U.S. to use its influence at the IMF to demand China disclose all currency management activities, including indirect interventions by state-owned entities.
China's lack of transparency must be considered when the IMF evaluates its voting power and financial contributions (quotas), potentially affecting its standing in the international monetary system.
article Official text account_balance Process page
VOTING RESULTS
2025-02-10
98%
For 388
Against 7
Abstain 0
Full voting results open_in_new
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_692
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2025-01-23
Voting date: 2025-02-10
Meeting no: 1
Voting no: 36
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

China Exchange Rate Transparency Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_692.

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 2025-01-23.

What are the main provisions?

Key points include:

  • Mandates the U.S. to use its influence at the IMF to demand China disclose all currency management activities, including indirect interventions by state-owned entities.
  • China's lack of transparency must be considered when the IMF evaluates its voting power and financial contributions (quotas), potentially affecting its standing in the international monetary system.
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

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): 388 - 7 (Roll no. 36). (text: CR H597)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Economy