To require the United States Executive Director at the International Monetary Fund to advocate for increased transparency with respect to exchange rate policies of the People’s Republic of China, and for other purposes.
Sponsors
Legislative Progress
Passed HouseReceived; read twice and referred to the Committee on Foreign …
Passed House (inferred from eh version)
Mr. Meuser (for himself, Mr. Loudermilk, Ms. Lee of Nevada, …
Summary
What This Bill Does
Directs the US Executive Director at the IMF to advocate for greater transparency from China on its exchange rate mechanism, foreign exchange holdings, and intervention activities.
Who Benefits and How
US trade interests benefit from pressure on Chinese currency transparency. Market participants gain potential access to better exchange rate information. IMF surveillance is strengthened.
Who Bears the Burden and How
China faces increased pressure at IMF for currency transparency. US Executive Director must actively advocate for reforms.
Key Provisions
- Requires advocacy for Chinese exchange rate transparency at IMF
- References IMF Articles IV and VIII obligations
- Responds to Treasury findings on China currency opacity
- Seeks disclosure of foreign exchange intervention data
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires US IMF Executive Director to seek greater transparency from China on exchange rate policies
Policy Domains
Legislative Strategy
"Use IMF to pressure China on currency transparency"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology