This bill establishes the "Chinese Communist Party SDR Exchange Prohibition Act of 2025," primarily to restrict financial transactions involving the Chinese Communist Party's holdings of International Monetary Fund assets. It explicitly prohibits the Secretary of the Treasury from engaging in any transactions to exchange Special Drawing Rights (SDRs) held by the CCP. Beyond this direct prohibition, the legislation mandates the Secretary to advocate vigorously for other International Monetary Fund member countries, particularly those with freely usable currencies, to implement similar prohibitions on SDR exchanges with the CCP. Additionally, the Secretary must direct the U.S. Executive Director of the IMF to use the United States' influence to oppose any future allocation of SDRs to the Chinese Communist Party. The President is granted authority to waive the application of this section if a determination is made that such a waiver is in the national interest of the United States, with a required notification to Congress. This prohibition is not permanent, as it includes a termination clause , expiring either five years after enactment or earlier if the President deems its termination to be in the national interest.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
International Affairs
Chinese Communist Party SDR Exchange Prohibition Act of 2025
USA119th CongressS-3036| Senate
| Updated: 10/23/2025
This bill establishes the "Chinese Communist Party SDR Exchange Prohibition Act of 2025," primarily to restrict financial transactions involving the Chinese Communist Party's holdings of International Monetary Fund assets. It explicitly prohibits the Secretary of the Treasury from engaging in any transactions to exchange Special Drawing Rights (SDRs) held by the CCP. Beyond this direct prohibition, the legislation mandates the Secretary to advocate vigorously for other International Monetary Fund member countries, particularly those with freely usable currencies, to implement similar prohibitions on SDR exchanges with the CCP. Additionally, the Secretary must direct the U.S. Executive Director of the IMF to use the United States' influence to oppose any future allocation of SDRs to the Chinese Communist Party. The President is granted authority to waive the application of this section if a determination is made that such a waiver is in the national interest of the United States, with a required notification to Congress. This prohibition is not permanent, as it includes a termination clause , expiring either five years after enactment or earlier if the President deems its termination to be in the national interest.