HR 692
Passed a chamber
Directs the U.S. Executive Director at the International Monetary Fund to press China for more transparency about its exchange rate policies, including indirect currency market intervention through state-owned banks and companies.
Official title: China Exchange Rate Transparency Act of 2025
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
23-JAN-2025
Referred
23-JAN-2025
Passed
10-FEB-2025
Senate
Received
11-FEB-2025
- Instructs the Treasury Secretary to have the U.S. Executive Director at the IMF advocate for greater transparency from China on its exchange rate arrangements and surveillance by the IMF.
- Calls for the IMF's Article IV consultations with China to address significant divergences from the exchange rate policies of other Special Drawing Rights currency issuers.
- Asks IMF members to give greater weight to China's performance as a responsible stakeholder when reviewing quota and voting shares.
- Ends the Act's effect 30 days after the earlier of a U.S. Governor report finding China in substantial compliance with IMF exchange rate obligations, or 7 years after enactment.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (23-JAN-2025); the text has changed since (Engrossed in House, 10-FEB-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Financial Services Committee (House)
- Foreign Relations Committee (Senate)
International Affairs
■ 8 R■ 2 D
8 Republicans
2 Democrats