119 S3036 IS: Chinese Communist Party SDR Exchange Prohibition Act of 2025 U.S. Senate 2025-10-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II 119th CONGRESS 1st Session S. 3036 IN THE SENATE OF THE UNITED STATES October 23, 2025 Mr. Scott of Florida introduced the following bill; which was read twice and referred to the Committee on Foreign Relations A BILL To prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Chinese Communist Party.

1.

Short title

This Act may be cited as the Chinese Communist Party SDR Exchange Prohibition Act of 2025.

2.

Prohibition on exchange of Special Drawing Rights held by Chinese Communist Party

(a)

In general

The Secretary of the Treasury may not engage in any transaction involving the exchange of Special Drawing Rights issued by the International Monetary Fund and held by the Chinese Communist Party. (b)

Advocacy

The Secretary shall— (1) vigorously advocate that the government of each member country of the International Monetary Fund, to the extent that the member country issues a freely usable currency, prohibit transactions involving the exchange of Special Drawing Rights held by the Chinese Communist Party; and (2) direct the United States Executive Director of the International Monetary Fund to use the voice and vote of the United States to oppose any allocation of Special Drawing Rights to the Chinese Communist Party. (c)

Waiver

The President may waive the application of this section if the President— (1) determines that a waiver is in the national interest of the United States; and (2) submits to Congress a notice of and justification for such waiver. (d)

Termination

This section shall terminate on the earlier of— (1) the date that is 5 years after the date of the enactment of this Act; and (2) the date on which the President determines and reports to Congress that termination of this section is in the national interest of the United States.