senateStanding
Foreign Relations Committee
- Referred To
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H.R. 386Passed House
Chinese Currency Accountability Act of 2025
Introduced: Jan 14, 2025
Latest action date: Feb 11, 2025
Latest development
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Your view
- Congress
- 119th Congress
- Introduced
- Jan 14, 2025
- Recorded roll calls
- 0
Status detail: The full action history records passage in the House.
Plain-language overview
What this bill does
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.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Foreign Trade and International Finance
View 5 official legislative subjects
AsiaChinaCongressional oversightCurrencyInternational monetary system and foreign exchange
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
houseStanding
Financial Services Committee
- Referred To
Amendments
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Checked against Congress.gov Sep 16, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline10 actions
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
IntroReferralSenateMotion to reconsider laid on the table Agreed to without objection.
FloorHouse floor actionsOn motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)
FloorHouse floor actionsPassed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)
FloorLibrary of CongressDEBATE - The House proceeded with forty minutes of debate on H.R. 386.
FloorHouse floor actionsConsidered under suspension of the rules. (consideration: CR H595-596)
FloorHouse floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill.
FloorHouse floor actionsIntroduced in House
IntroReferralLibrary of CongressReferred to the House Committee on Financial Services.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of Congress
Roll-call votes
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No connected roll-call votes are currently available for this bill.
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