{"bill":{"id":"119-hr-386","congress":119,"type":"HR","number":386,"title":"Chinese Currency Accountability Act of 2025","originChamber":"House","introducedDate":"2025-01-14","sponsors":[{"bioguideId":"D000626","fullName":"Rep. Davidson, Warren [R-OH-8]","party":"R","state":"OH","district":8}],"cosponsorsCount":1,"latestAction":{"actionDate":"2025-02-11","text":"Received in the Senate and Read twice and referred to the Committee on Foreign Relations."},"policyArea":"Foreign Trade and International Finance","subjects":["Asia","China","Congressional oversight","Currency","International monetary system and foreign exchange"],"actions":[{"date":"2025-02-11","text":"Received in the Senate and Read twice and referred to the Committee on Foreign Relations.","type":"IntroReferral","chamber":"Senate","hasVote":false},{"date":"2025-02-10","text":"Motion to reconsider laid on the table Agreed to without objection.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-02-10","text":"On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-02-10","text":"Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)","type":"Floor","chamber":"Library of Congress","hasVote":false},{"date":"2025-02-10","text":"DEBATE - The House proceeded with forty minutes of debate on H.R. 386.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-02-10","text":"Considered under suspension of the rules. (consideration: CR H595-596)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-02-10","text":"Mr. Hill (AR) moved to suspend the rules and pass the bill.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-01-14","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-01-14","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-01-14","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Chinese Currency Accountability Act of 2025</strong></p><p>This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies (currently, a set of five currencies, each with different weightings) used to determine the value of Special Drawing Rights. Special Drawing Rights are international reserve assets created by the International Monetary Fund (IMF) to supplement member countries' official foreign exchange reserves.</p><p>Specifically, the Department of the Treasury must instruct certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that China is in compliance with certain standards and international agreements, including that (1) China is in compliance with all general obligations of members of the IMF,  (2) China has not been found to have manipulated its currency in the preceding 12 months, and (3) China&nbsp;adheres to the rules and principles of the Paris Club and the Organisation for Economic Co-operation and Development (OECD) Arrangement on Officially Supported Export Credits.&nbsp;</p>","updateDate":"2026-07-18T00:04:25Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":432,"ts":"2026-08-29T16:33:54.422Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"https://simplefunctions.dev/api/public/query-gov?q=Chinese%20Currency%20Accountability%20Act%20of%202025"}]}}