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H.R. 8290119th CongressPlaced on the calendarLatest action Jun 18, 2026Decoded by AI · checked against the record
Official title: China Exchange Rate Accountability Act of 2026
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill directs the U.S. to vote against IMF quota increases for major economies that manipulate their currency or lack transparency.
45-second read · 4 questions answered below
The bill requires the U.S. Treasury Secretary to check whether any of the IMF's 10 biggest member countries are transparent about exchange rate policies and not manipulating their currency before the IMF considers raising that country's voting quota. If a country fails these checks, the U.S. representative at the IMF must vote against the quota increase. The President can waive this requirement for national interest reasons with notice to Congress, and the rule expires seven years after enactment.
This affects U.S. foreign economic policy, the U.S. Treasury Secretary, and the U.S. representative at the IMF; it also directly concerns the IMF's 10 largest member countries, including China.
The measure could affect global trade balances and currency relations, indirectly influencing U.S. businesses and consumers who trade with or compete against major economies like China.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 611.