Requires the Treasury Secretary to report on China's exchange rate practices before any International Monetary Fund voting power increase for China is considered, and directs the U.S. to oppose such an increase if China fails the stated criteria.

Official title: China Exchange Rate Accountability Act of 2026

Next stop House floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Introduced 15-APR-2026

Referred 15-APR-2026

Approved by committee 21-APR-2026

Reported 18-JUN-2026

On the calendar 18-JUN-2026

Key points

Requires the Treasury Secretary to report to House Financial Services and Senate Foreign Relations at least 7 days before considering any proposal to increase China's IMF voting power
Sets three criteria: no apparent violation of IMF Article VIII obligations, transparent exchange rate policies with credible balance of payments data, and no persistent currency management to prevent adjustments or gain unfair trade advantage
Directs the U.S. Governor of the IMF to oppose the increase if China fails any criterion, but lets the President waive this by reporting a national interest explanation to Congress
Ends the section 7 years after enactment

AI-generated from the Reported in House text of 18-JUN-2026 · verify · report an error

Official CRS summary

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Committee referrals (1)

Policy area

International Affairs

Sponsor Pete Sessions (R-TX) Cosponsors · 0

No cosponsors.

congress.gov page Reported in House (18-JUN-2026) Introduced in House (15-APR-2026)