All Roll Calls
Yes: 388 • No: 7
119-hr-692119th CongressWALLET
China Exchange Rate Transparency Act of 2025
Sponsored By: Representative Meuser, Daniel [R-PA-9]
Passed House
Summary
This bill would push for greater international scrutiny by using the U.S. voice at the IMF to secure more transparency about China’s exchange rate policies and related interventions. It centers U.S. pressure on the IMF to get clearer data on China’s foreign exchange actions and to weigh China’s behavior when considering IMF governance changes.
Show full summary
- U.S. Treasury and IMF representation: It would direct the Secretary of the Treasury to tell the U.S. Executive Director at the IMF to press for clearer reporting from China and stronger IMF surveillance during Article IV consultations.
- Monitoring and markets: It would push the IMF to seek disclosure of any indirect foreign exchange intervention by Chinese financial institutions or state-owned enterprises and to flag significant differences from other Special Drawing Rights currency issuers.
- IMF governance: It would instruct U.S. advocacy for treating China’s transparency and conduct as a factor when reviewing IMF quota and voting shares, and it sets a built-in end date to the measure.
The bill includes a sunset that ends the authority 30 days after a U.S. IMF governor reports China is substantially compliant or seven years after enactment, whichever comes first.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
U.S. push for China currency transparency
If enacted, the bill would require the Treasury Secretary to tell the U.S. IMF director to use America’s voice and vote to press China for more public information about its exchange rate actions. It would ask the IMF to raise any large differences between China’s exchange-rate policies and other currencies during Article IV reviews. It would also push IMF governance reviews to factor China’s behavior into quota and voting share decisions. The Act would end automatically 30 days after the earlier of (1) a U.S. IMF Governor report that China is substantially complying with IMF exchange-rate obligations, or (2) seven years after enactment.
Sponsors & CoSponsors
Sponsor
Meuser, Daniel [R-PA-9]
PA • R
Cosponsors
Rep. Loudermilk, Barry [R-GA-11]
GA • R
Sponsored 1/23/2025
Rep. Lee, Susie [D-NV-3]
NV • D
Sponsored 1/23/2025
Rep. De La Cruz, Monica [R-TX-15]
TX • R
Sponsored 1/23/2025
Rep. Moolenaar, John R. [R-MI-2]
MI • R
Sponsored 1/23/2025
Rep. Messmer, Mark B. [R-IN-8]
IN • R
Sponsored 1/23/2025
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 1/28/2025
Rep. Cline, Ben [R-VA-6]
VA • R
Sponsored 1/28/2025
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 1/31/2025
Rep. Thompson, Glenn [R-PA-15]
PA • R
Sponsored 2/6/2025
Rep. Bice, Stephanie I. [R-OK-5]
OK • R
Sponsored 2/10/2025
Roll Call Votes
house vote • 2/10/2025
On Motion to Suspend the Rules and Pass, as Amended
Yes: 388 • No: 7