Chinese Currency Accountability Act of 2025
This bill requires the U.S. Treasury to instruct U.S. representatives at the International Monetary Fund (IMF) to oppose any increase in the Chinese renminbi's weight in the IMF's reserve currency basket (Special Drawing Rights, or SDR). It mandates that the Treasury submit a certification to Congress confirming China's compliance with IMF rules, no recent findings of currency manipulation under U.S. law, and adherence to international export credit rules before U.S. opposition can be lifted. The requirement would expire 10 years after enactment. The bill directly affects U.S. voting at the IMF regarding China's currency role in global financial markets.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
House Passage
Feb 2025
Senate Passage
President
Introduced Jan 14, 2025
Last action Feb 11, 2025
Floor votes
How they voted
This bill passed the House by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
9
Key actions
1
Committee
2
Feb 11, 2025
Committee
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
upper
Feb 10, 2025
Lower · Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)
lower
Jan 14, 2025
Committee
Referred to the House Committee on Financial Services.
lower
Jan 14, 2025
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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