China Exchange Rate Transparency Act of 2025
This bill directs U.S. representatives at the International Monetary Fund (IMF) to pressure China to disclose how it manages the value of its currency. Under the measure, American officials must push the IMF to investigate China's interventions in foreign exchange markets, including indirect actions through state-owned banks. The bill also seeks to block China from gaining greater voting power at the IMF until it adopts transparent currency practices consistent with other major economies. These actions aim to prevent unfair currency manipulation that can harm American businesses and workers.
What this bill touches.
Who it helps · who it burdens.
Who it burdens
- Department of the TreasurySection 3 requires the Secretary of the Treasury to direct the U.S. Executive Director at the IMF to advocate for increased surveillance, transparency, and governance conditions regarding China's currency practices.
- U.S. Executive Director at the International Monetary FundSection 3 directs the U.S. Executive Director to use the voice and vote of the United States at the IMF to push for stricter monitoring of China's exchange rates, review of its policies against other major currency issuers, and scrutiny of its voting power.
Who opposes it
- Government of the People's Republic of ChinaSection 3 directs U.S. representatives to lobby against China's currency opacity, push for enhanced international surveillance of its state-owned entities, and condition any increases in its IMF voting power and quotas on its exchange rate practices.
The provisions, in plain language.
Requires the U.S. representative at the International Monetary Fund (IMF) to advocate for greater transparency from China and closer IMF monitoring of China's currency exchange practices, including indirect interventions through state-owned banks and businesses, for up to seven years or until China complies with IMF standards.
Requires the U.S. representative at the IMF to urge official IMF economic reviews to specifically identify major ways China's exchange rate policies differ from those of other countries whose currencies make up the IMF's Special Drawing Rights basket.
Requires the U.S. representative at the IMF to advocate that IMF leadership and member nations evaluate China’s record as a responsible actor in the global financial system when reviewing its voting shares and financial quotas.
How your members of Congress line up
How members voted on China Exchange Rate Transparency Act of 2025.
Recorded roll calls on this bill, most recent first. Open one to see each member's position.
How it moved.
Show all 11 actions
- Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
- Motion to reconsider laid on the table Agreed to without objection.
- On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 7 (Roll no. 36). (text: CR H597)
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 7 (Roll no. 36). (text: CR H597)
- Considered as unfinished business. (consideration: CR H605)
- 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.
- DEBATE - The House proceeded with forty minutes of debate on H.R. 692.
- Considered under suspension of the rules. (consideration: CR H596-599)
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Referred to the House Committee on Financial Services.
- Introduced in House
- Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
- Motion to reconsider laid on the table Agreed to without objection.
- On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 7 (Roll no. 36). (text: CR H597)
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 7 (Roll no. 36). (text: CR H597)
- Introduced in House
Read it for yourself.
Sources & provenance
Cite this page
Civic Herald. “China Exchange Rate Transparency Act of 2025 (H.R. 692, 119th Congress).” https://civicherald.app/bills/119-hr-692. Congress.gov record as of Aug 20, 2026.