HR. 386In Committee
Chinese Currency Accountability Act of 2025
Require U.S. officials at the IMF to oppose increasing the renminbi's weight in Special Drawing Rights unless Treasury certifies China meets specified standards
Plain-English overview
What this bill does
Require U.S. officials at the IMF to oppose increasing the renminbi's weight in Special Drawing Rights unless Treasury certifies China meets specified standards
Key points
- Require Treasury certification
- Direct IMF opposition
- Limit renminbi weight increase
Current status
Where it stands
Status
In Committee
Latest action
2025-02-11 — Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Related context
Topics and policy areas
undefinedAsiaChinaCongressional oversightCurrencyForeign Trade and International FinanceInternational monetary system and foreign exchange