China Exchange Rate Accountability Act of 2026

This bill requires the Secretary of the Treasury to send a report to two congressional committees at least 7 days before the International Monetary Fund (IMF) considers any proposal to increase China's voting power. The report must state whether China meets certain criteria, including following IMF currency obligations, keeping transparent exchange rate practices, publishing credible balance of payments data, and not managing its currency against the dollar to gain a trade advantage. If China fails any criterion, the Secretary must instruct the U.S. representative at the IMF to vote against increasing China's voting power. The President may waive this requirement by reporting to Congress that the waiver is important to the national interest. The section expires 7 years after it becomes law.

Full text and official record on Congress.gov

Sponsors

• Pete Sessions Republican sponsor
• 0 cosponsors