Legislative Oversight

Stable identifiers

{
  "congress": 119,
  "bill_type": "hr",
  "bill_number": 692,
  "sponsor_bioguide_id": null
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Canonical URL: https://www.congress.gov/bill/119th-congress/house-bill/692

Official text excerpt

119 HR 692 IH: China Exchange Rate Transparency Act of 2023 
 U.S. House of Representatives 
 2025-01-23 
 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. 
 
 
 
 I 119th CONGRESS 1st Session H. R. 692 IN THE HOUSE OF REPRESENTATIVES January 23, 2025 Mr. Meuser (for himself, Mr. Loudermilk , Ms. Lee of Nevada , Ms. De La Cruz , Mr. Moolenaar , and Mr. Messmer ) introduced the following bill; which was referred to the Committee on Financial Services A BILL 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. 1. Short title This Act may be cited as the China Exchange Rate Transparency Act of 2023 . 2. Findings The Congress finds as follows: (1) Under Article IV of the Articles of Agreement of the International Monetary Fund (IMF), the People’s Republic of China has committed to orderly exchange rate arrangements, the avoidance of exchange rate manipulation, and cooperation with the IMF to ensure firm surveillance of the exchange rate policies of the People’s Republic of China. Pursuant to Article VIII of the Articles of Agreement of the IMF, the IMF may require the People’s Republic of China to furnish data on gold and foreign exchange holdings, including assets held by non-official agencies of the People’s Republic of China. (2) In its November 2022 report, entitled Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States , the Department of the Treasury concluded, China provides very limited transparency regarding key features of its exchange rate mechanism, including the policy objectives of its exchange rate management regime and its activities in the offshore RMB market. . The Department continued: China’s lack of transparency and use of a wide array of tools co…

Raw official payload (JSONB)

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Contributing member votes

Citations

• Congress.gov