China Exchange Rate Transparency Act of 2025

This bill directs the U.S. representative at the International Monetary Fund (IMF) to push for more openness about how China manages its currency. It calls for stronger IMF monitoring of China’s exchange rate system, including any behind‑the‑scenes moves through Chinese banks or state‑owned companies, and asks IMF members to consider how responsibly China behaves when they review voting power at the IMF. Congress points to China’s limited transparency on currency policy as a concern that makes it hard to judge its actions.

The requirements end after seven years, or earlier if the U.S. Governor at the IMF reports that China is following IMF rules on orderly exchange rates and is using policies similar to other major currency issuers.

• Who is affected: U.S. Executive Director at the IMF; the IMF; China.
• What changes: The U.S. must use its voice and vote at the IMF to seek more transparency from China, push for stronger IMF oversight, and factor China’s conduct into IMF governance reviews.
• When: These requirements expire seven years after enactment, or 30 days after an earlier report that China is meeting the stated conditions.