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119th Congress International Affairs

H.R. 692: China Exchange Rate Transparency Act of 2025

Passed HouseFeb 10, 2025

  1. Introduced (completed)Jan 23, 2025
  2. Passed House (completed)Feb 10, 2025, 388–7
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jan 23, 2025

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, Feb 10, 2025

On Motion to Suspend the Rules and Pass, as Amended

Passed 388–7

Yea 388two-thirds 264Nay 7

  • Democrats192 yea, 0 nay
  • Republicans195 yea, 7 nay
  • Independents1 yea, 0 nay

Broke with their party: Chip Roy (R-TX), Thomas Massie (R-KY), Paul Gosar (R-AZ), Eli Crane (R-AZ), Tim Burchett (R-TN), Andy Biggs (R-AZ) and Lauren Boebert (R-CO) voted Nay

See how all 395 members voted

Showing 433 of 433 members

Yea 388

Republicans (195)

Democrats (192)

Independents (1)

Nay 7

Republicans (7) broke with their party

Not voting 38

Senate

Not yet voted

Passed the House Feb 10, 2025. Awaiting Senate action.

Roll calls

1 vote on this bill

Showing 1 of 1 roll calls

  • Feb 10, 2025HouseOn Motion to Suspend the Rules and Pass, as AmendedFinal passagePassed, yea-nay 388–7
    Roll call 36 tally by party
    PartyYeaNayPresentNot voting
    Democrats1920023
    Republicans1957015
    Independents1000
    Total3887038

    House roll call 36: On Motion to Suspend the Rules and Pass, as Amended. Passed.

    7 crossed party lines: 7 Republicans

    How each member voted (433)

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

10

Bipartisan support.

Who scored on this bill

118 points earned
  1. 1Daniel Meuser R-PA SponsorDrew cross-party cosponsors, introduced, passed House3 events+36
  2. 2Andy Biggs R-AZ1 maverick vote1 event+6
  3. 2Lauren Boebert R-CO1 maverick vote1 event+6
  4. 2Tim Burchett R-TN1 maverick vote1 event+6
  5. 2Eli Crane R-AZ1 maverick vote1 event+6
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. Feb 10, 2025Passed the House, 388–7.
  2. Jan 23, 2025Introduced in the House by Daniel Meuser.
Show the full action history (11 actions)
  1. Feb 11, 2025Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
  2. Feb 10, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  3. Feb 10, 2025Considered under suspension of the rules. (consideration: CR H596-599)
  4. Feb 10, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 692.
  5. Feb 10, 2025At 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.
  6. Feb 10, 2025Considered as unfinished business. (consideration: CR H605)
  7. Feb 10, 2025Passed/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): 388 - 7 (Roll no. 36). (text: CR H597)
  8. Feb 10, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 7 (Roll no. 36). (text: CR H597)
  9. Feb 10, 2025Motion to reconsider laid on the table Agreed to without objection.
  10. Jan 23, 2025Introduced in House
  11. Jan 23, 2025Referred to the House Committee on Financial Services.