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LEGISLATION/H.R. 692

China Exchange Rate Transparency Act of 2025

119-HR-692119th CongressIntroduced Jan 23, 2025International Affairs
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Sponsor

Rep. Meuser, Daniel [R-PA-9](R-PA-9)
10 cosponsors

Summary

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.

Subjects

AsiaChinaInternational monetary system and foreign exchange

Actions (12)

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Feb 11, 2025Senate
Motion to reconsider laid on the table Agreed to without objection.
Feb 10, 2025House floor actions
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)
Feb 10, 2025House floor actionsRECORDED VOTE
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)
Feb 10, 2025Library of CongressRECORDED VOTE
Considered as unfinished business. (consideration: CR H605)
Feb 10, 2025House floor actions
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.
Feb 10, 2025House floor actions
DEBATE - The House proceeded with forty minutes of debate on H.R. 692.
Feb 10, 2025House floor actions
Considered under suspension of the rules. (consideration: CR H596-599)
Feb 10, 2025House floor actions
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Feb 10, 2025House floor actions
Referred to the House Committee on Financial Services.
Jan 23, 2025House floor actions
Introduced in House
Jan 23, 2025Library of Congress
Introduced in House
Jan 23, 2025Library of Congress
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