China Exchange Rate Transparency Act of 2025

Sponsored byRep. Meuser, Daniel [R-PA-9]PA· Introduced 23 January 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

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Latest action

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

11 February 2025·1 year ago

Summary

Introduced in House · Updated 10 February 2025

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.

Timeline

12 actions

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
11 February 2025 · IntroReferral
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
10 February 2025 · Floor
Considered as unfinished business. (consideration: CR H605)
10 February 2025 · Floor
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.
10 February 2025 · Floor
Considered under suspension of the rules. (consideration: CR H596-599)
10 February 2025 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 692.
10 February 2025 · Floor
Motion to reconsider laid on the table Agreed to without objection.
10 February 2025 · Floor
Passed/agreed to in House: 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)
10 February 2025 · Floor
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)
10 February 2025 · Floor
Referred to the House Committee on Financial Services.
23 January 2025 · IntroReferral
Introduced in House
23 January 2025 · IntroReferral
Introduced in House
23 January 2025 · IntroReferral

Sponsorship

10 cosponsors

Sponsor

Rep. Meuser, Daniel [R-PA-9]PA

Cosponsors

Democrat220%
Republican880%

Republican:Rep. Bice, Stephanie I. [R-OK-5]OK
Republican:Rep. Thompson, Glenn [R-PA-15]PA
Democrat:Rep. Suozzi, Thomas R. [D-NY-3]NY
Republican:Rep. Lawler, Michael [R-NY-17]NY
Republican:Rep. Cline, Ben [R-VA-6]VA
Republican:Rep. Messmer, Mark [R-IN-8]IN
Democrat:Rep. Lee, Susie [D-NV-3]NV
Republican:Rep. Moolenaar, John R. [R-MI-2]MI
Republican:Rep. De La Cruz, Monica [R-TX-15]TX
Republican:Rep. Loudermilk, Barry [R-GA-11]GA

Classification

Policy area

International Affairs

Legislative subjects

AsiaChinaInternational monetary system and foreign exchange

Committees

Financial Services Committee
House · Standing
- Referred To23 Jan 2025
Foreign Relations Committee
Senate · Standing
- Referred To11 Feb 2025

Cosponsor momentum

Cumulative over time

Track China Exchange Rate Transparency Act of 2025 as it moves through Congress