Neutralizing Unfair Chinese Export Subsidies Act of 2025
Sponsored By: Representative Nunn, Zachary [R-IA-3]
Introduced
Summary
Strengthening U.S. tools to counter Chinese export subsidies and possible exchange-rate manipulation. This bill would require Treasury to produce a 180-day strategy to press China on export-credit rules, shift export-subsidy talks to the Treasury with more frequent meetings and a new 10-year elimination target, and give Treasury authority to find exchange-rate manipulation and oppose IMF quota increases after such a finding.
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- U.S. trade negotiators and Treasury: Would move lead responsibility for export-subsidy negotiations from the President to the Secretary of the Treasury, require negotiations at least twice per year, and update progress reporting and a 10-year elimination target with a 2029 reporting reference.
- U.S. exporters and allied governments: Would direct Treasury to produce a detailed strategy within 180 days to strengthen U.S. advocacy and cooperation with allies to secure substantial Chinese compliance with the OECD Arrangement on Officially Supported Export Credits and to pursue the Export-Import Bank goal from the 2012 law.
- U.S. role at the IMF and China: Would authorize the Secretary of the Treasury to determine whether China manipulated its exchange rate using criteria like Article VIII compliance, transparency, and targeted government support, and would require the U.S. IMF governor to oppose any proposal to increase China’s IMF quota for one year after a determination.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Treasury-led push to end export subsidies
This bill would put the Treasury Secretary, with the U.S. Trade Representative, in charge of talks on export subsidies. Treasury would try to hold these talks at least twice a year with allies. The goal would be to end export subsidies within 10 years of enactment. Within 180 days, Treasury would send Congress a detailed plan to push China to follow the OECD export credit rules and to meet the 10-year goal. A required progress report year would shift to 2029.
New China currency test and IMF stance
Treasury would use new rules to judge if China manipulated its currency against the U.S. dollar. It would weigh IMF Article VIII compliance, transparency, and large sector support that blocks normal balance-of-payments adjustments, and could decide regardless of any global current‑account surplus. If manipulation is found, for one year the U.S. Governor at the IMF would oppose any proposal to raise China’s IMF quota, except for a legally authorized amendment to the IMF charter. This would guide U.S. positions and votes, not create direct household benefits.
Sponsors & CoSponsors
Sponsor
Nunn, Zachary [R-IA-3]
IA • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov