{"format":1,"id":"118-hr-839","congress":118,"number":"H.R. 839","kind":"bill","group":"bills","title":"China Exchange Rate Transparency Act of 2023","title_source":"Short Title(s) as Passed House","official_title":"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.","titles":[{"type":"Official Title as Introduced","title":"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."},{"type":"Display Title","title":"China Exchange Rate Transparency Act of 2023"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"China Exchange Rate Transparency Act of 2023"},{"type":"Short Title(s) as Introduced","title":"China Exchange Rate Transparency Act of 2023"},{"type":"Short Title(s) as Reported to House","title":"China Exchange Rate Transparency Act of 2023"},{"type":"Short Title(s) as Passed House","title":"China Exchange Rate Transparency Act of 2023"}],"outcome":"passed_house","law_number":null,"introduced":"2023-02-06","chambers":{"house":{"status":"roll_call","date":"2024-01-12","vote":{"id":"118-2024-h9","question":"On Motion to Suspend the Rules and Pass, as Amended","title":"China Exchange Rate Transparency Act","result":"Passed","yea":379,"nay":1,"present":0,"not_voting":52,"source":"https://clerk.house.gov/evs/2024/roll009.xml"}},"senate":{"status":"na","date":null,"vote":null}},"president":{"status":"na","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Foreign Relations.","date":"2024-01-16"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2024-01-12","stage":"Passed House","blocks":[{"k":"h","t":"China Exchange Rate Transparency Act of 2023"},{"k":"p","t":"This bill requires the U.S. Executive Director at the International Monetary Fund (IMF) to use the voice and vote of the United States to advocate for increased exchange rate transparency from China."},{"k":"p","t":"Some areas of focus for this advocacy are (1) Chinese exchange rate arrangements, including any indirect foreign exchange market intervention through Chinese financial institutions or state-owned enterprises; (2) enhanced multilateral and bilateral surveillance by the IMF; and (3) stronger consideration of China's performance as a responsible stakeholder in the international monetary system when evaluating quota and voting shares at the IMF."},{"k":"p","t":"The requirements of the bill expire seven years and 30 days after the date of the bill's enactment or earlier if China meets certain conditions regarding its exchange rate policies."}],"words":130},"summary":{"main_subject":{"text":"Directs the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to advocate for increased transparency and IMF surveillance regarding the exchange rate arrangements of the People's Republic of China.","cites":[{"label":"Sec. 3","href":"https://www.congress.gov/bill/118th-congress/house-bill/839/text/eh#HBD60DB912523448C89AC062C19BFAE5B"},{"label":"Sec. 4","href":"https://www.congress.gov/bill/118th-congress/house-bill/839/text/eh#H895021E29C164254BAC60721F245C5D1"}]},"core_areas":["U.S. advocacy at the International Monetary Fund on China's exchange rate transparency","IMF surveillance and governance reviews concerning China"],"what_it_does":[{"text":"Requires the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to use the voice and vote of the United States to advocate on the matters listed in the section.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/118th-congress/house-bill/839/text/eh#HBD60DB912523448C89AC062C19BFAE5B"}},{"text":"Directs that advocacy toward increased transparency from China and enhanced multilateral and bilateral IMF surveillance of China's exchange rate arrangements, including any indirect foreign exchange market intervention through Chinese financial institutions or state-owned enterprises.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/118th-congress/house-bill/839/text/eh#HBD60DB912523448C89AC062C19BFAE5B"}},{"text":"Directs advocacy that, in Article IV consultations with China, the IMF include any significant divergences by China from the exchange rate policies of other issuers of currencies used in determining the value of Special Drawing Rights.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/118th-congress/house-bill/839/text/eh#HBD60DB912523448C89AC062C19BFAE5B"}},{"text":"Directs advocacy that, during IMF governance reviews, IMF members and management give stronger consideration to China's performance as a responsible stakeholder in the international monetary system when evaluating quota and voting shares.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/118th-congress/house-bill/839/text/eh#HBD60DB912523448C89AC062C19BFAE5B"}},{"text":"Ends the Act's force and effect 30 days after the earlier of two dates: a report to Congress by the U.S. Governor of the IMF on China's compliance and exchange rate practices, or seven years after enactment.","cite":{"label":"Sec. 4","href":"https://www.congress.gov/bill/118th-congress/house-bill/839/text/eh#H895021E29C164254BAC60721F245C5D1"}}],"unexpected":[],"version":{"type":"Engrossed in House","date":"2024-01-12","rule":"passed","href":"https://www.congress.gov/bill/118th-congress/house-bill/839/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-01","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/118th-congress/house-bill/839","text":"https://www.congress.gov/bill/118th-congress/house-bill/839/text"},"card":{"image":"card/item/118-hr-839.png","v":"77a5606b09ec","alt":"Votes on Record. H.R. 839, 118th Congress: China Exchange Rate Transparency Act of 2023. House: 379 Yea, 1 Nay. Outcome: Passed House, 12 Jan 2024."}}