H. R. 692 aims to increase transparency regarding China's exchange rate policies. It requires the United States Executive Director at the International Monetary Fund (IMF) to push for greater openness from China and for the IMF to conduct more thorough monitoring of China's...
Simple Explanation
The bill wants the U.S. to ask an important money group (the IMF) to check how China handles its money and to share what they find. The bill will stop doing this once China is doing what they should or after a long time has passed.