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118th Congress International Affairs

H.R. 839: China Exchange Rate Transparency Act of 2023

Passed HouseJan 12, 2024

  1. Introduced (completed)Feb 6, 2023
  2. Passed House (completed)Jan 12, 2024, 379–1
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Passed House, Jan 12, 2024

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.

Written by the Congressional Research Service, Library of Congress.

Key votes

House final vote, Jan 12, 2024

On Motion to Suspend the Rules and Pass, as Amended

Passed 379–1

Yea 379two-thirds 254Nay 1

  • Democrats183 yea, 0 nay
  • Republicans195 yea, 1 nay
  • Independents1 yea, 0 nay

Broke with their party: Thomas Massie (R-KY) voted Nay

See how all 380 members voted

Showing 432 of 432 members

Yea 379

Republicans (195)

Democrats (183)

Independents (1)

Nay 1

Republicans (1) broke with their party

Not voting 52

Senate

Not yet voted

Passed the House Jan 12, 2024. Awaiting Senate action.

Roll calls

1 vote on this bill

Showing 1 of 1 roll calls

  • Jan 12, 2024HouseOn Motion to Suspend the Rules and Pass, as AmendedFinal passagePassed, yea-nay 379–1
    Roll call 9 tally by party
    PartyYeaNayPresentNot voting
    Democrats1830030
    Republicans1951022
    Independents1000
    Total3791052

    House roll call 9: On Motion to Suspend the Rules and Pass, as Amended. Passed.

    1 crossed party lines: 1 Republican

    How each member voted (432)

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

6

Bipartisan support.

Who scored on this bill

86 points earned
  1. 1Daniel Meuser R-PA SponsorIntroduced, drew cross-party cosponsors, reported, passed House4 events+56
  2. 2Thomas Massie R-KY1 maverick vote1 event+6
  3. 3Mónica De La Cruz R-TXCosponsored; cosponsored bill passed2 events+4
  4. 3Byron Donalds R-FLCosponsored; cosponsored bill passed2 events+4
  5. 3Michael Lawler R-NYCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Daniel Meuser

History

  1. Jan 12, 2024Passed the House, 379–1.
  2. Feb 6, 2023Introduced in the House by Daniel Meuser.
Show the full action history (15 actions)
  1. Jan 16, 2024Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
  2. Jan 12, 2024Considered as unfinished business. (consideration: CR H124)
  3. Jan 12, 2024Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 379 - 1 (Roll no. 9). (text: 1/10/2024 CR H35)
  4. Jan 12, 2024On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 379 - 1 (Roll no. 9). (text: 1/10/2024 CR H35)
  5. Jan 12, 2024Motion to reconsider laid on the table Agreed to without objection.
  6. Jan 10, 2024Mr. McHenry moved to suspend the rules and pass the bill, as amended.
  7. Jan 10, 2024Considered under suspension of the rules. (consideration: CR H35-37)
  8. Jan 10, 2024DEBATE - The House proceeded with forty minutes of debate on H.R. 839.
  9. Jan 10, 2024At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  10. Dec 1, 2023Reported (Amended) by the Committee on Financial Services. H. Rept. 118-291.
  11. Dec 1, 2023Placed on the Union Calendar, Calendar No. 235.
  12. Feb 28, 2023Committee Consideration and Mark-up Session Held.
  13. Feb 28, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 0.
  14. Feb 6, 2023Introduced in House
  15. Feb 6, 2023Referred to the House Committee on Financial Services.