118th Congress · HOUSE BILLBILL

H.R. 839China Exchange Rate Transparency Act of 2023

To require the United States Executive Director at the International Monetary Fund to advocate for increased transparency with respect to exchange rate policies of the People's Republic of China, and for other purposes.

International affairs
Introduced Feb 6, 2023
Last action Jan 16, 2024
Pipeline · Bill → Law
Step 1
Introduced
Feb 6, 2023
Step 2
Referred
Feb 6, 2023
Financial Services · Foreign Relations
Step 3
Committee
Feb 28, 2023
Reported out
Step 4
House floor
Step 5
Senate
Jan 16, 2024
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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...

Provisions · 4 sectionsEngrossed in House
Roll Call Votes · 1
Timeline · 14 actions
Jan 16, 2024
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Jan 12, 2024
Considered as unfinished business.
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).ROLL CALLpass
Jan 12, 2024
Motion to reconsider laid on the table Agreed to without objection.
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.
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.
Dec 1, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-291.
Dec 1, 2023
Placed on the Union Calendar, Calendar No. 235.
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: 36 - 0.
Feb 6, 2023
Introduced in House
Feb 6, 2023
Referred to the House Committee on Financial Services.