Pipeline · Bill → Law
Step 1
Introduced
Jan 25, 2023
Step 2
Referred
Jan 25, 2023
Financial Services · Foreign Relations
Step 3
Committee
Feb 28, 2023
Reported out
Step 4
House floor
Step 5
Senate
Sep 10, 2024
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies (currently, a set of five currencies, each with different weightings) used to determine the value of Special Drawing Rights. Special Drawing Rights are a currency support tool available to members of the International Monetary Fund (IMF). Specifically, the Department of the Treasury must instruct certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that China is in compliance with certain standards and international agreements, including that (1) China is in compliance with all gene...
Timeline · 12 actions
Sep 10, 2024
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Sep 9, 2024
Mrs. Kim (CA) moved to suspend the rules and pass the bill, as amended.
Sep 9, 2024
Considered under suspension of the rules.
Sep 9, 2024
DEBATE - The House proceeded with forty minutes of debate on H.R. 510.
Sep 9, 2024
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Sep 9, 2024
Motion to reconsider laid on the table Agreed to without objection.
Dec 1, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-294.
Dec 1, 2023
Placed on the Union Calendar, Calendar No. 238.
Feb 28, 2023
Committee Consideration and Mark-up Session Held.
Feb 28, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
Jan 25, 2023
Introduced in House
Jan 25, 2023
Referred to the House Committee on Financial Services.