Chinese Communist Party SDR Exchange Prohibition Act of 2025

This bill would bar the Secretary of the Treasury from taking part in any transaction that exchanges Special Drawing Rights, a reserve asset issued by the International Monetary Fund (IMF), when those rights are held by the Chinese Communist Party. The Secretary would also have to urge other IMF member countries that issue freely usable currencies to adopt the same ban. The Secretary would also have to direct the U.S. representative at the IMF to vote against giving Special Drawing Rights to the Chinese Communist Party. The President could waive these rules by finding a waiver is in the national interest and notifying Congress, and the rules would end after 5 years or sooner if the President reports that ending them is in the national interest.

Full text and official record on Congress.gov

Sponsors

• Rick Scott Republican sponsor
• 0 cosponsors