119th Congress
H.R. 692
China Exchange Rate Transparency Act of 2025
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Daniel Meuser(R-PA)
- Introduced
- Jan 23, 2025
- Policy area
- International Affairs
- Committees
- House Committee on Financial Services; Senate Committee on Foreign Relations
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (10)
Original cosponsors (5)
- Barry Loudermilk (R-GA)
- John R. Moolenaar (R-MI)
- Mark B. Messmer (R-IN)
- Monica De La Cruz (R-TX)
- Susie Lee (D-NV)
Added later (5)
- Ben Cline (R-VA) · Jan 28, 2025
- Michael Lawler (R-NY) · Jan 28, 2025
- Thomas R. Suozzi (D-NY) · Jan 31, 2025
- Glenn Thompson (R-PA) · Feb 6, 2025
- Stephanie I. Bice (R-OK) · Feb 10, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
| Date | Vote | Result | Your members |
|---|---|---|---|
| Feb 10, 2025 House #36 | On Motion to Suspend the Rules and Pass, as Amended: China Exchange Rate Transparency Act | Passed | Set your home to see |
Actions
- Feb 11, 2025 · Senate
Received in the Senate and Read twice and referred to the Committee on Foreign Relations. - Feb 10, 2025 · House
Motion to reconsider laid on the table Agreed to without objection. - Feb 10, 2025 · 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, 2025 · House
Considered as unfinished business. (consideration: CR H605) - Feb 10, 2025 · House
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, 2025 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 692. - Feb 10, 2025 · House
Considered under suspension of the rules. (consideration: CR H596-599) - Feb 10, 2025 · House
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. - Jan 23, 2025 · House
Referred to the House Committee on Financial Services. - Jan 23, 2025
Introduced in House