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H.R. 692119th CongressPassed one chamberLatest action Feb 11, 2025Decoded by AI · checked against the record
Official title: China Exchange Rate Transparency Act of 2025
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 692 directs the U.S. IMF representative to push China for more transparency on its currency practices.
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HR 692 instructs the U.S. representative at the IMF to use America's voice and vote to press China to disclose more about its exchange rate policies, including any hidden efforts by Chinese banks or state-owned companies to influence the yuan's value. It also calls for China's practices to factor into IMF discussions on currency standards and China's voting power within the IMF.
Directly affects the Treasury Department and the U.S. official representing America at the IMF; indirectly relates to U.S.-China trade relations.
Past Treasury reports have found China unusually secretive about currency management compared to other major economies, making it hard to determine if China manipulates its currency for trade advantages. The bill shapes diplomatic positioning rather than regulating U.S. businesses or individuals directly.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Foreign Relations.