HR692Passed House
China Exchange Rate Transparency Act of 2025
Introduced
In Committee
Passed One Chamber
4
Passed Both5
Signed into Law119th
Congress
2025-01-23
Introduced
10
Cosponsors
HR
ⓘType
Sponsor
Daniel Meuser
Republican · PA · Representative
Votes with party: 97.9% (574 recorded votes)
Full profile: /officials/M001204
Source: Congress.gov · FEC
Cosponsors (10)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
10 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
2025-02-11
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Foreign RelationsReferred To · 2025-02-11
- House Committee on Financial ServicesReferred To · 2025-01-23
Plain-English Summary
China Exchange Rate Transparency Act of 2023 This bill requires the U.S. Executive Director at the International Monetary Fund (IMF) to use the voice and vote of the United States to advocate for increased exchange rate transparency from China. Some areas of focus for this advocacy are (1) Chinese exchange rate arrangements, including any indirect foreign exchange market intervention through Chinese financial institutions or state-owned enterprises; (2) enhanced multilateral and bilateral surveillance by the IMF; and (3) stronger consideration of China's performance as a responsible stakeholder in the international monetary system when evaluating quota and voting shares at the IMF. The requirements of the bill expire seven years and 30 days after the date of the bill's enactment or earlier if China meets certain conditions regarding its exchange rate policies.
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
Subjects
International Affairs
Full bill text is not yet cached locally.
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