The record

LegislationLegislation· Sep 2024
HR 510

Sponsored by Warren Davidson (R)

Chinese Currency Accountability Act of 2023

Would have required the US to oppose more weight for China's renminbi in IMF Special Drawing Rights.

Tradeoff

Would have blocked any increase in the renminbi's weight in IMF Special Drawing Rights unless China met certain standards. Treasury would have had to certify China's compliance first.

What's in it

See official bill text
H.R. 510, Chinese Currency Accountability Act of 2023www.cbo.gov/publication/59006 · Mar 2023

The House passed this by on September 9, 2024. The Senate never voted on it before the Congress ended.

  1. House

    Introduced

    (Jan 25, 2023)

  2. House

    Committee on Financial Services(Jan 25, 2023)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 40 - 0(Feb 28, 2023)

    Committee report H. Rept. 118-294.

  4. House

    Passage of the bill

    Passed by (Sep 9, 2024)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Foreign Relations(Sep 10, 2024)