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Bill · 119th Congress · S 2146
China Exchange Rate Transparency Act of 2025
Refreshed 4 h ago
Introduced 2025-06-24Topic: economy jobs · governance ethicsSummary
AI-generated summary, report an errorThis bill would require the Secretary of the Treasury to instruct the U.S. representative at the International Monetary Fund (IMF) to use the U.S. voice and vote to push for more openness from China about how it manages its currency exchange rate. This includes pushing for closer IMF monitoring, review of how China's policies differ from other major currency issuers, consideration of China's conduct when setting IMF voting shares, and more openness about China's use of Hong Kong's financial system. The Treasury Secretary would report to Congress each year on actions taken and on China's compliance. The requirement would end 30 days after the U.S. reports China is in substantial compliance with IMF exchange rate obligations, or after 7 years, whichever comes first.
Sponsors
- David McCormick Republican sponsor
- 1 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-10-30 | Senate | Placed on Senate Legislative Calendar under General Orders. Calendar No. 236. | |
| 2025-10-30 | Senate | Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report. | refer |
| 2025-10-30 | Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report. | report | |
| 2025-10-22 | Senate | Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably. | refer |
| 2025-06-24 | Senate | Read twice and referred to the Committee on Foreign Relations. | refer |
| 2025-06-24 | Introduced in Senate | introduce |