Updated 5 hours ago
Last progress February 11, 2025 (1 year ago)
Read twice and referred to the Committee on Foreign Relations.
Directs the Treasury Secretary to instruct the U.S. Executive Director at the IMF to use the U.S. voice and vote to push the IMF and its members for greater exchange-rate transparency from the People’s Republic of China and stronger IMF surveillance of China’s currency practices. The requirement remains in effect until the U.S. Governor at the IMF reports China is substantially compliant with certain IMF exchange-rate obligations (plus comparable policies to other SDR currencies) or until seven years after enactment, whichever comes first.
Last progress June 24, 2025 (8 months ago)
Introduced on June 24, 2025 by David Harold McCormick