The record

LegislationLegislation· Feb 2025
HR 386 Passed House — in Senate

Sponsored by Warren Davidson (R)

Chinese Currency Accountability Act of 2025

Requires the US to oppose increasing China's currency weight in IMF reserves unless China meets three conditions.

Tradeoff

Gives the US veto power over China's IMF currency status. Relies on Treasury certification that China has not manipulated its currency in the past 12 months and follows international trade rules.

What's in it

See official bill text

Passed the House by on February 10, 2025 — sitting in the Senate.

  1. House

    Introduced

    (Jan 14, 2025)

  2. House

    Committee on Financial Services(Jan 14, 2025)

  3. House

    Passage of the bill

    Passed by (Feb 10, 2025)

    No individual votes were recorded.

  4. Senate

    Received from the House

    on Foreign Relations(Feb 11, 2025)