H.R. 386 is designed to ensure that the United States opposes any increase in the influence of the Chinese renminbi within the International Monetary Fund's Special Drawing Rights currency basket. The U.S. Secretary of the Treasury is required to instruct the U.S....
Simple Explanation
The bill wants the United States to tell a big money group not to give more power to China's money unless China follows certain rules. This decision will expire after 10 years.