HR 692 119th Congress House International Affairs Asia China International monetary system and foreign exchange

China Exchange Rate Transparency Act of 2025

Introduced: January 23, 2025 Introduced by: Meuser, Daniel Republican · Pennsylvania See on congress.gov

Everywhere this bill has been 11 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 11, 2025

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

Feb 10, 2025

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

Feb 10, 2025

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

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): 388 - 7 (Roll no. 36). (text: CR H597)

Feb 10, 2025

Considered as unfinished business. (consideration: CR H605)

Feb 10, 2025

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

DEBATE - The House proceeded with forty minutes of debate on H.R. 692.

Feb 10, 2025

Considered under suspension of the rules. (consideration: CR H596-599)

Feb 10, 2025

Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

Jan 23, 2025

Referred to the House Committee on Financial Services.

Jan 23, 2025

Introduced in House

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Feb 10, 2025	House · vote #36	On Motion to Suspend the Rules and Pass, as Amended	Passed	388–7	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 February 11, 2025

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

Committees of jurisdiction 2