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    <updateDate>2025-12-06T00:14:11Z</updateDate>
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    <introducedDate>2023-01-25</introducedDate>
    <congress>118</congress>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 16 (Wednesday, January 25, 2023)][House][Pages H324-H325]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. DAVIDSON:H.R. 510.[[Page H325]]Congress has the power to enact this legislation pursuantto the following:Clause 3 of section 8 of article I of the ConstitutionThe single subject of this legislation is:The United States' input regarding the special drawingrights at the International Monetary Fund.&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <title>Countering Communist China Act</title>
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        <text>DEBATE - The House proceeded with forty minutes of debate on H.R. 510.</text>
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        <text>Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.</text>
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        <bioguideId>D000626</bioguideId>
        <fullName>Rep. Davidson, Warren [R-OH-8]</fullName>
        <firstName>Warren</firstName>
        <lastName>Davidson</lastName>
        <party>R</party>
        <state>OH</state>
        <district>8</district>
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        <fullName>Rep. Lawler, Michael [R-NY-17]</fullName>
        <firstName>Michael</firstName>
        <lastName>Lawler</lastName>
        <party>R</party>
        <state>NY</state>
        <district>17</district>
        <sponsorshipDate>2023-02-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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        <bioguideId>L000590</bioguideId>
        <fullName>Rep. Lee, Susie [D-NV-3]</fullName>
        <firstName>Susie</firstName>
        <lastName>Lee</lastName>
        <party>D</party>
        <state>NV</state>
        <district>3</district>
        <sponsorshipDate>2023-03-09</sponsorshipDate>
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        <pubDate>2023-03-16T17:38:00Z</pubDate>
        <title>H.R. 510, Chinese Currency Accountability Act of 2023</title>
        <url>https://www.cbo.gov/publication/59006</url>
        <description>As ordered reported by the House Committee on Financial Services on February 28, 2023</description>
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          <name>Asia</name>
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          <text>&lt;p&gt;&lt;b&gt;Chinese Currency Accountability Act of 2023&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies (currently, a set of five currencies, each with different weightings) used to determine the value of Special Drawing Rights. Special Drawing Rights are a currency support tool available to members of the International Monetary Fund (IMF).&lt;/p&gt; &lt;p&gt;Specifically, the Department of the Treasury must instruct certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that (1) China is in compliance with all general obligations of members of the IMF, (2) China has not been found to have manipulated its currency in the preceding 12 months, and (3) China is implementing policies and practices necessary to ensure that the renminbi is freely usable.&lt;/p&gt;</text>
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        <actionDate>2023-12-01</actionDate>
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          <text>&lt;p&gt;&lt;b&gt;Chinese Currency Accountability Act of 2023&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies (currently, a set of five currencies, each with different weightings) used to determine the value of Special Drawing Rights. Special Drawing Rights are a currency support tool available to members of the International Monetary Fund (IMF).&lt;/p&gt; &lt;p&gt;Specifically, the Department of the Treasury must instruct certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that China is in compliance with certain standards and international agreements, including that (1) China is in compliance with all general obligations of members of the IMF, and (2) China has not been found to have manipulated its currency in the preceding 12 months.&lt;/p&gt;</text>
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    <title>Chinese Currency Accountability Act of 2023</title>
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        <title>Chinese Currency Accountability Act of 2023</title>
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        <title>To require the United States Governor of, and the United States Executive Director at, the International Monetary Fund to oppose an increase in the weight of the Chinese renminbi in the Special Drawing Rights basket of the Fund, and for other purposes.</title>
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