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substantiveFeb 10, 2025 · House roll call · passage · Result: Passed

On Motion to Suspend the Rules and Pass, as Amended — H R 692 — China Exchange Rate Transparency Act

China Exchange Rate Transparency Act of 2025

In plain language

- This House bill from the 119th Congress is titled the China Exchange Rate Transparency Act of 2025. - The official summary uses a 2023 short title. - Official subject tags include China, the international monetary system, and Asia. - As described, the U.S. Executive Director at the IMF would use the voice and vote of the United States to advocate for increased exchange-rate transparency from China, focusing on Chinese exchange-rate arrangements including any indirect foreign-exchange-market intervention through Chinese financial institutions or state-owned enterprises; enhanced IMF multilateral and bilateral surveillance; and stronger consideration of China’s performance as a responsible stakeholder when evaluating quota and voting shares at the IMF. - The requirements would expire seven years and 30 days after enactment, or earlier if China meets certain conditions regarding its exchange-rate policies.

Official summary (Congressional Research Service)

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.

View this measure on congress.gov

Roll-call breakdown

Yea388

Democrat: 192 · Independent: 1 · Republican: 195

Nay7

Republican: 7

Present0

Not Voting38

Democrat: 23 · Republican: 15

How each member voted (433)

Yea (388)

Nay (7)

Not Voting (38)

Party labels reflect each member’s most recent affiliation on record.