HR 839 118th Congress House International Affairs Asia China International monetary system and foreign exchange

China Exchange Rate Transparency Act of 2023

Introduced: February 6, 2023 Introduced by: Meuser, Daniel Republican · Pennsylvania See on congress.gov

Everywhere this bill has been 15 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 16, 2024

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Jan 12, 2024

Motion to reconsider laid on the table Agreed to without objection.

Jan 12, 2024

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 379 - 1 (Roll no. 9). (text: 1/10/2024 CR H35)

Jan 12, 2024

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): 379 - 1 (Roll no. 9). (text: 1/10/2024 CR H35)

Jan 12, 2024

Considered as unfinished business. (consideration: CR H124)

Jan 10, 2024

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.

Jan 10, 2024

DEBATE - The House proceeded with forty minutes of debate on H.R. 839.

Jan 10, 2024

Considered under suspension of the rules. (consideration: CR H35-37)

Jan 10, 2024

Mr. McHenry moved to suspend the rules and pass the bill, as amended.

Dec 1, 2023

Placed on the Union Calendar, Calendar No. 235.

Dec 1, 2023

Reported (Amended) by the Committee on Financial Services. H. Rept. 118-291.

Feb 28, 2023

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 0.

Feb 28, 2023

Committee Consideration and Mark-up Session Held.

Feb 6, 2023

Referred to the House Committee on Financial Services.

Feb 6, 2023

Introduced in House

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Jan 12, 2024	House · vote #9	On Motion to Suspend the Rules and Pass, as Amended	Passed	379–1	See who voted →

Plain-English 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.

What's happening now January 16, 2024

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Committees of jurisdiction 2