H.R. 386: Chinese Currency Accountability Act of 2025
A House bill (H.R.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | House bill (H.R.) |
| Originating chamber | House |
| Introduced | 2025-01-14 |
| Sponsor | Rep. Davidson, Warren [R-OH-8] |
| Policy area | Foreign Trade and International Finance |
| Cosponsors | 1 |
| Latest action | 2025-02-11 — Received in the Senate and Read twice and referred to the Committee on Foreign Relations. |
| Last updated | 2026-07-18 |
Summary
Official summary (Introduced in House, 2025-01-14):
Chinese Currency Accountability Act of 2025
This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies (currently, a set of five currencies, each with different weightings) used to determine the value of Special Drawing Rights. Special Drawing Rights are international reserve assets created by the International Monetary Fund (IMF) to supplement member countries' official foreign exchange reserves.
Specifically, the Department of the Treasury must instruct certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that China is in compliance with certain standards and international agreements, including that (1) China is in compliance with all general obligations of members of the IMF, (2) China has not been found to have manipulated its currency in the preceding 12 months, and (3) China adheres to the rules and principles of the Paris Club and the Organisation for Economic Co-operation and Development (OECD) Arrangement on Officially Supported Export Credits.
Cosponsors (1)
| Name | Party / state |
|---|---|
| Daniel Meuser | R PA 2025-02-07 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for H.R. 386 are published by Congress on congress.gov.
View H.R. 386 on congress.gov →
Frequently asked questions
What is H.R. 386?
H.R. 386 is a House bill (H.R.) introduced in the 119th U.S. Congress, originating in the House. Official title: Chinese Currency Accountability Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for H.R. 386 are available on congress.gov.
Bill data: congress.gov API (official congressional records).