H.R. 692 Passed the House International Affairs

China Exchange Rate Transparency Act of 2025

To require the United States Executive Director at the International Monetary Fund to advocate for increased transparency with respect to exchange rate policies of the People's Republic of China, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Meuser, Daniel [R-PA-9] Introduced January 23, 2025 Cosponsors 10 (8 R, 2 D) Latest action February 11, 2025

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Roll-call votes

Actions

  1. Feb 11, 2025 Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
  2. Feb 10, 2025 Motion to reconsider laid on the table Agreed to without objection.
  3. Feb 10, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 7 (Roll no. 36). (text: CR H597)
  4. Feb 10, 2025 Considered as unfinished business. (consideration: CR H605)
  5. Feb 10, 2025 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  6. Feb 10, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 692.
  7. Feb 10, 2025 Considered under suspension of the rules. (consideration: CR H596-599)
  8. Feb 10, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  9. Jan 23, 2025 Referred to the House Committee on Financial Services.
  10. Jan 23, 2025 Introduced in House

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