3.0.0 386 2026-09-19T23:06:37Z 2026-09-19T23:06:37Z House H HR 2025-01-14 119 https://www.congress.gov/bill/119th-congress/house-bill/386 [Congressional Record Volume 171, Number 7 (Tuesday, January 14, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DAVIDSON:H.R. 386.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the U.S. Constitution.[Page H149]]]> ssfr00 Foreign Relations Committee Senate Standing Referred To 2025-02-11T15:39:01Z hsba00 Financial Services Committee House Standing Referred To 2025-01-14T15:02:20Z 2025-02-11 ssfr00 Foreign Relations Committee Senate Received in the Senate and Read twice and referred to the Committee on Foreign Relations. IntroReferral 2025-02-10 16:32:44 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2025-02-10 16:32:33 On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595) Floor H37300 2 House floor actions 2025-02-10 16:32:33 Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595) Floor 8000 9 Library of Congress 2025-02-10 16:19:47 DEBATE - The House proceeded with forty minutes of debate on H.R. 386. Floor H8D000 2 House floor actions 2025-02-10 16:19:45 Considered under suspension of the rules. (consideration: CR H595-596) Floor H30000 2 House floor actions 2025-02-10 16:19:32 Mr. Hill (AR) moved to suspend the rules and pass the bill. Floor H30300 2 House floor actions 2025-01-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2025-01-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2025-01-14 Introduced in House IntroReferral 1000 9 Library of Congress D000626 Rep. Davidson, Warren [R-OH-8] Warren Davidson R OH 8 N M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 2025-02-07 False Foreign Trade and International Finance Asia 2025-02-10T16:23:55Z China 2025-02-10T16:23:55Z Congressional oversight 2025-02-10T16:23:55Z Currency 2025-02-10T16:23:55Z International monetary system and foreign exchange 2025-02-10T16:23:55Z Foreign Trade and International Finance 2025-02-10T12:40:52Z 00 2025-01-14 Introduced in House 2025-02-11T17:12:26Z Chinese Currency Accountability Act of 2025

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 international reserve assets created by the International Monetary Fund (IMF) to supplement member countries' official foreign exchange reserves.

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, (2) China has not been found to have manipulated its currency in the preceding 12 months, and (3) China adheres to the rules and principles of the Paris Club and the Organisation for Economic Co-operation and Development (OECD) Arrangement on Officially Supported Export Credits. 

]]> Chinese Currency Accountability Act of 2025 Display Title 45 Chinese Currency Accountability Act of 2025 2026-09-19T23:06:37Z Official Title as Introduced 6 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. 2026-09-19T23:06:37Z Introduced in House IH Official Title from EH (Engrossed in House) bill text 259 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. 2026-07-11T00:13:21Z H House Engrossed in House EH Short Titles from RFS (Referred to Senate) bill text 255 Chinese Currency Accountability Act of 2025 2025-02-13T03:08:15Z S Senate Referred in Senate RFS Short Title(s) as Passed House 104 Chinese Currency Accountability Act of 2025 2025-02-12T02:53:16Z H House Engrossed in House EH Short Title(s) as Introduced 101 Chinese Currency Accountability Act of 2025 2025-02-08T05:08:19Z Introduced in House IH Referred in Senate 2025-02-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr386rfs/xml/BILLS-119hr386rfs.xml Engrossed in House 2025-02-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr386eh/xml/BILLS-119hr386eh.xml Introduced in House 2025-01-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr386ih/xml/BILLS-119hr386ih.xml 2025-02-11 Received in the Senate and Read twice and referred to the Committee on Foreign Relations. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.