China Exchange Rate Transparency Act of 2023

Added a requirement for 'enhanced multilateral and bilateral surveillance by the IMF' alongside the transparency mandate in Section 3(1).

Removed the standalone provision (former Section 3(2)) requiring compliance by China with IMF information requests regarding exchange rate policies and holdings, consistent with the Articles of Agreement.

Changed 'the publication of any significant divergences' to 'the inclusion of any significant divergences' in Section 3(2), weakening the requirement from public disclosure to mere inclusion (likely in internal consultation documents).

Broadened the quota and voting share evaluation criterion from specifically 'non-transparent exchange rate policies undertaken by the People's Republic of China' to the more general 'performance of China as a responsible stakeholder in the international monetary system,' making it harder to trigger and less targeted.

Added the word 'and practices' to the sunset compliance standard, changing it from 'exchange rate policies consistent with those of other issuers' to 'exchange rate policies and practices consistent with those of other issuers,' slightly broadening what China must demonstrate to trigger early termination.