This bill mandates that the Secretary of the Treasury instruct the United States Executive Director at the International Monetary Fund (IMF) to advocate for increased transparency from the People's Republic of China regarding its exchange rate policies. The legislation highlights findings from a November 2022 Treasury report, which concluded that China provides very limited transparency on its exchange rate mechanisms and offshore renminbi market activities, making it an outlier among major economies. The U.S. Executive Director is specifically required to push for enhanced multilateral and bilateral surveillance by the IMF over China's exchange rate arrangements, including any indirect foreign exchange market intervention by Chinese financial institutions or state-owned enterprises. Furthermore, the bill directs advocacy for the inclusion of China's significant divergences from the exchange rate policies of other Special Drawing Rights (SDR) currency issuers during Article IV consultations. It also calls for stronger consideration of China's performance as a responsible stakeholder in the international monetary system when evaluating its quota and voting shares during IMF governance reviews. This advocacy requirement will terminate under a sunset clause. It will cease 30 days after the U.S. Governor of the IMF reports that China is in substantial compliance with its IMF obligations regarding orderly exchange rate arrangements and has adopted policies consistent with other SDR currency issuers, or after seven years, whichever comes first.