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China Exchange Rate Transparency Act of 2023

USA118th CongressHR-839| House 
| Updated: 1/16/2024
Daniel Meuser

Daniel Meuser

Republican Representative

Pennsylvania

Cosponsors (6)
Wiley Nickel (Democratic)Barry Loudermilk (Republican)Byron Donalds (Republican)Monica De La Cruz (Republican)Michael Lawler (Republican)Susie Lee (Democratic)

Foreign Relations Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
China Exchange Rate Transparency Act of 2023 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. 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. 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.

Bill Text Versions

View Text
4 versions available

Suggested Questions

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Timeline
Feb 6, 2023
Introduced in House
Feb 6, 2023
Referred to the House Committee on Financial Services.
Feb 28, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 0.
Feb 28, 2023
Committee Consideration and Mark-up Session Held.
Dec 1, 2023
Placed on the Union Calendar, Calendar No. 235.
Dec 1, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-291.
Jan 10, 2024
Mr. McHenry moved to suspend the rules and pass the bill, as amended.
Jan 10, 2024
Considered under suspension of the rules. (consideration: CR H35-37)
Jan 10, 2024
DEBATE - The House proceeded with forty minutes of debate on H.R. 839.
Jan 10, 2024
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Jan 12, 2024
Considered as unfinished business. (consideration: CR H124)
Jan 12, 2024
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 379 - 1 (Roll no. 9). (text: 1/10/2024 CR H35)
View Vote
Jan 12, 2024
Motion to reconsider laid on the table Agreed to without objection.
Jan 16, 2024
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
May 23, 2024

Latest Companion Bill Action

S 118-4418
Introduced in Senate
  • February 6, 2023
    Introduced in House


  • February 6, 2023
    Referred to the House Committee on Financial Services.


  • February 28, 2023
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 0.


  • February 28, 2023
    Committee Consideration and Mark-up Session Held.


  • December 1, 2023
    Placed on the Union Calendar, Calendar No. 235.


  • December 1, 2023
    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-291.


  • January 10, 2024
    Mr. McHenry moved to suspend the rules and pass the bill, as amended.


  • January 10, 2024
    Considered under suspension of the rules. (consideration: CR H35-37)


  • January 10, 2024
    DEBATE - The House proceeded with forty minutes of debate on H.R. 839.


  • January 10, 2024
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • January 12, 2024
    Considered as unfinished business. (consideration: CR H124)


  • January 12, 2024
    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 379 - 1 (Roll no. 9). (text: 1/10/2024 CR H35)
    View Vote


  • January 12, 2024
    Motion to reconsider laid on the table Agreed to without objection.


  • January 16, 2024
    Received in the Senate and Read twice and referred to the Committee on Foreign Relations.


  • May 23, 2024

    Latest Companion Bill Action

    S 118-4418
    Introduced in Senate

International Affairs

Related Bills

  • S 118-4418: China Exchange Rate Transparency Act of 2024
AsiaChinaInternational monetary system and foreign exchange

China Exchange Rate Transparency Act of 2023

USA118th CongressHR-839| House 
| Updated: 1/16/2024
China Exchange Rate Transparency Act of 2023 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. 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. 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.

Bill Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 6, 2023
Introduced in House
Feb 6, 2023
Referred to the House Committee on Financial Services.
Feb 28, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 0.
Feb 28, 2023
Committee Consideration and Mark-up Session Held.
Dec 1, 2023
Placed on the Union Calendar, Calendar No. 235.
Dec 1, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-291.
Jan 10, 2024
Mr. McHenry moved to suspend the rules and pass the bill, as amended.
Jan 10, 2024
Considered under suspension of the rules. (consideration: CR H35-37)
Jan 10, 2024
DEBATE - The House proceeded with forty minutes of debate on H.R. 839.
Jan 10, 2024
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Jan 12, 2024
Considered as unfinished business. (consideration: CR H124)
Jan 12, 2024
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 379 - 1 (Roll no. 9). (text: 1/10/2024 CR H35)
View Vote
Jan 12, 2024
Motion to reconsider laid on the table Agreed to without objection.
Jan 16, 2024
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
May 23, 2024

Latest Companion Bill Action

S 118-4418
Introduced in Senate
  • February 6, 2023
    Introduced in House


  • February 6, 2023
    Referred to the House Committee on Financial Services.


  • February 28, 2023
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 0.


  • February 28, 2023
    Committee Consideration and Mark-up Session Held.


  • December 1, 2023
    Placed on the Union Calendar, Calendar No. 235.


  • December 1, 2023
    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-291.


  • January 10, 2024
    Mr. McHenry moved to suspend the rules and pass the bill, as amended.


  • January 10, 2024
    Considered under suspension of the rules. (consideration: CR H35-37)


  • January 10, 2024
    DEBATE - The House proceeded with forty minutes of debate on H.R. 839.


  • January 10, 2024
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • January 12, 2024
    Considered as unfinished business. (consideration: CR H124)


  • January 12, 2024
    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 379 - 1 (Roll no. 9). (text: 1/10/2024 CR H35)
    View Vote


  • January 12, 2024
    Motion to reconsider laid on the table Agreed to without objection.


  • January 16, 2024
    Received in the Senate and Read twice and referred to the Committee on Foreign Relations.


  • May 23, 2024

    Latest Companion Bill Action

    S 118-4418
    Introduced in Senate
Daniel Meuser

Daniel Meuser

Republican Representative

Pennsylvania

Cosponsors (6)
Wiley Nickel (Democratic)Barry Loudermilk (Republican)Byron Donalds (Republican)Monica De La Cruz (Republican)Michael Lawler (Republican)Susie Lee (Democratic)

Foreign Relations Committee, Financial Services Committee

International Affairs

Related Bills

  • S 118-4418: China Exchange Rate Transparency Act of 2024
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AsiaChinaInternational monetary system and foreign exchange