# 119-s-2146: China Exchange Rate Transparency Act of 2025

119-s-2146, China Exchange Rate Transparency Act of 2025, is a 119th Congress bill sponsored by Sen. McCormick, David [R-PA] (R-PA); status in_committee; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-2146
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2146
- Congress: 119
- Title: China Exchange Rate Transparency Act of 2025
- Status: in_committee
- Introduced: 2025-06-24
- Sponsor: Sen. McCormick, David [R-PA] (R-PA)
- Cosponsors: 1
- Policy area: International Affairs
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would have the United States press the International Monetary Fund for greater transparency in the People's Republic of China's exchange rate arrangements.** It targets indirect currency interventions, Hong Kong-linked mechanisms, and how China figures into Special Drawing Rights reporting. - U.S. Treasury and the U.S. Executive Director at the IMF would be asked to advocate for **more transparency** on PRC exchange rate arrangements and any indirect foreign exchange intervention through Chinese banks or state-owned enterprises. - The IMF would be urged to note any significant divergences by the PRC from the exchange rate policies of other currency issuers used to value Special Drawing Rights (SDRs) during Article IV consultations. - The U.S. and IMF management would give stronger weight to the PRC's record as a responsible stakeholder when considering IMF quota and voting share decisions. - The bill would require annual reports to Congress, starting within one year, on U.S. actions at the IMF and observed PRC transparency and divergences. - The reporting and advocacy requirements would expire 30 days after a U.S. IMF Governor determines China is substantially compliant with IMF obligations or after 7 years, whichever comes first.

## Cosponsors (1)

- Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2025-06-24T00:00:00.000Z

## Provisions PRIA read

- U.S. push for China currency transparency: mixed, low. If enacted, the bill would require the Treasury Secretary to tell the U.S. Executive Director at the IMF to press China for more openness about its exchange-rate actions. The instruction would cover indirect currency intervention by Chinese banks or state-owned firms, inclusion of any significant d…

## Related bills

- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-3659: SECURE Minerals Act of 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-5252: BLADE Act
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-4245: Safer Roads for Those Who Serve Act of 2026

## Sources
- [119-s-2146 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2146)

## Related
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-3659: SECURE Minerals Act of 2026](https://policyrisk.com/legislation/119-s-3659)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-5252: BLADE Act](https://policyrisk.com/legislation/119-s-5252)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-4245: Safer Roads for Those Who Serve Act of 2026](https://policyrisk.com/legislation/119-s-4245)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2146 (as of 2026-04-21).