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S3036119th CongressWALLET

Chinese Communist Party SDR Exchange Prohibition Act of 2025

Sponsored By: Senator Scott, Rick [R-FL]

Introduced

Summary

Blocks U.S. Treasury dealings in IMF Special Drawing Rights held by the Chinese Communist Party. The bill would also require Treasury to push other IMF members to prohibit trades in those SDRs and direct the U.S. Executive Director at the IMF to oppose any SDR allocations to the CCP.

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  • Treasury and U.S. finance officials would be forbidden from engaging in any transaction that exchanges SDRs held by the Chinese Communist Party and would be asked to lobby other IMF members to do the same.
  • The U.S. Executive Director at the International Monetary Fund would be instructed to use the United States' voice and vote to oppose any allocation of SDRs to the CCP.
  • The President could waive the prohibition for national security reasons by notifying Congress with a justification, and the policy would end after 5 years or sooner if the President reports termination is in the national interest.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Ban on SDR exchanges held by CCP

If enacted, this bill would stop the Treasury from exchanging IMF Special Drawing Rights held by the Chinese Communist Party. It would require Treasury to press IMF members with freely usable currencies to prohibit such SDR transactions. It would direct the U.S. Executive Director at the IMF to oppose any SDR allocation to the CCP. The President could waive the ban for national‑interest reasons, but must notify Congress and justify the waiver. The section would end five years after enactment or earlier if the President reports termination is in the national interest.

Sponsors & CoSponsors

Sponsor

Scott, Rick [R-FL]

FL • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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