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.
Summary
What This Bill Does
Requires Treasury to instruct the U.S. Executive Director at the International Monetary Fund to advocate for greater transparency around the People's Republic of China's exchange-rate policies.
Who Benefits and How
U.S. manufacturers, exporters, labor groups, and currency-policy analysts benefit from U.S. advocacy for more IMF scrutiny of China's exchange-rate practices. Congress benefits from a clearer statutory instruction to Treasury on IMF advocacy. IMF members concerned about currency transparency benefit if the U.S. presses China to provide clearer information under Article IV obligations.
Who Bears the Burden and How
Treasury international finance staff and the U.S. IMF Executive Director must advocate for transparency in IMF settings. The People's Republic of China bears diplomatic and reputational pressure over exchange-rate disclosures. IMF surveillance staff may face pressure to scrutinize China's exchange-rate policies more directly.
Key Provisions
- States findings on China's IMF Article IV exchange-rate commitments.
- Requires Treasury to instruct the U.S. IMF Executive Director.
- Directs U.S. advocacy for increased Chinese exchange-rate transparency.
- Uses the IMF voice-and-vote channel rather than unilateral sanctions.
- Gives Congress a targeted statutory position on China's currency transparency.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Requires Treasury to instruct the U.S. Executive Director at the International Monetary Fund to advocate for greater transparency around the People's Republic of China's exchange-rate policies.
Key Policy Areas
China, International Finance, Currency Policy
Primary Purpose
Requires Treasury to instruct the U.S. Executive Director at the International Monetary Fund to advocate for greater transparency around the People's Republic of China's exchange-rate policies.
Policy Domains
House resolution provisions
Identified Gains
- U.S. manufacturers
- U.S. exporters
- Labor groups
- Currency-policy analysts
- Congress
Identified Costs
- Treasury international finance staff
- U.S. IMF Executive Director
- People's Republic of China
- IMF surveillance staff
Sponsors
Legislative Progress
ReportedReported by Mr. Risch, with an amendment
Mr. McCormick (for himself and Ms. Cortez Masto) introduced the …
Mr. McCormick (for himself and Ms. Cortez Masto) introduced the …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Currency-policy analysts, IMF surveillance staff, Treasury international finance staff
Positive-direction: Currency-policy analysts
Negative-direction: IMF surveillance staff, Treasury international finance staff
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_treasury"
- → Secretary of the Treasury
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