Federal · H.R. 839 · 118th Congress
China Exchange Rate Transparency Act
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.
First two sentences of the Congressional Research Service's summary · Congress.gov ↗
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Latest final vote: Passed · U.S. House · Jan 12, 2024
Official record ↗Constitution
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All votes
U.S. House · Jan 12, 2024 · Final passage
On Motion to Suspend the Rules and Pass, as Amended · Passed
Official record ↗By party
| Party | Yes | No | Present | Not voting |
|---|---|---|---|---|
| Republican | 166 | 1 | 0 | 18 |
| Democratic | 155 | 0 | 0 | 23 |
| Democrat | 4 | 0 | 0 | 2 |
| Independent | 1 | 0 | 0 | 0 |
By state (48)
| State | Yes | No | Present | Not voting |
|---|---|---|---|---|
| AL | 5 | 0 | 0 | 1 |
| AR | 4 | 0 | 0 | 0 |
| AZ | 6 | 0 | 0 | 1 |
| CA | 49 | 0 | 0 | 2 |
| CO | 4 | 0 | 0 | 1 |
| CT | 5 | 0 | 0 | 0 |
| DE | 0 | 0 | 0 | 1 |
| FL | 23 | 0 | 0 | 1 |
| GA | 9 | 0 | 0 | 2 |
| HI | 2 | 0 | 0 | 0 |
| IA | 1 | 0 | 0 | 3 |
| ID | 2 | 0 | 0 | 0 |
| IL | 13 | 0 | 0 | 4 |
| IN | 7 | 0 | 0 | 0 |
| KS | 3 | 0 | 0 | 0 |
| KY | 3 | 1 | 0 | 2 |
| LA | 2 | 0 | 0 | 2 |
| MA | 8 | 0 | 0 | 1 |
| MD | 5 | 0 | 0 | 0 |
| ME | 2 | 0 | 0 | 0 |
| MI | 11 | 0 | 0 | 1 |
| MN | 7 | 0 | 0 | 0 |
| MO | 4 | 0 | 0 | 2 |
| MS | 3 | 0 | 0 | 1 |
| MT | 1 | 0 | 0 | 0 |
| NC | 9 | 0 | 0 | 0 |
| NE | 3 | 0 | 0 | 0 |
| NH | 0 | 0 | 0 | 1 |
| NJ | 7 | 0 | 0 | 2 |
| NM | 3 | 0 | 0 | 0 |
| NV | 3 | 0 | 0 | 1 |
| NY | 17 | 0 | 0 | 3 |
| OH | 12 | 0 | 0 | 1 |
| OK | 5 | 0 | 0 | 0 |
| OR | 4 | 0 | 0 | 0 |
| PA | 14 | 0 | 0 | 1 |
| RI | 2 | 0 | 0 | 0 |
| SC | 6 | 0 | 0 | 0 |
| SD | 0 | 0 | 0 | 1 |
| TN | 8 | 0 | 0 | 0 |
| TX | 29 | 0 | 0 | 4 |
| UT | 4 | 0 | 0 | 0 |
| VA | 6 | 0 | 0 | 1 |
| VT | 1 | 0 | 0 | 0 |
| WA | 8 | 0 | 0 | 0 |
| WI | 4 | 0 | 0 | 3 |
| WV | 1 | 0 | 0 | 0 |
| WY | 1 | 0 | 0 | 0 |
The breakdown counts the 370 members whose positions are loaded; the totals above are the official record's.
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Every member's vote
370 members, by last name.
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Money
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History
- Jan 12, 2024U.S. House: On Motion to Suspend the Rules and Pass, as Amended · Passed ↗
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Final action
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Full text
Official summary (Congressional Research Service)
China Exchange Rate Transparency Act of 2023 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 30 days after the date of the bill's enactment or earlier if China meets certain conditions regarding its exchange rate policies.
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