H.R. 386 — Chinese Currency Accountability Act of 2025

This section directs the Secretary of the Treasury to instruct the U.S. Governor of and Executive Director at the International Monetary Fund (IMF) to oppose any increase in the weight of the Chinese renminbi in the Special Drawing Rights (SDR) basket—international reserve assets whose value is determined by a basket of major currencies—unless the Secretary certifies to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs that (1) China complies with all obligations under IMF Article VIII (i.e., avoiding restrictions on current payments and discriminatory currency practices); (2) no report under specified U.S. trade laws in the preceding 12 months identified China as a currency manipulator; and (3) China adheres to Paris Club rules (i.e., for sovereign debt restructuring) and the OECD Arrangement on Officially Supported Export Credits (i.e., guidelines for government-backed export financing).