H.R. 692, also known as the "China Exchange Rate Transparency Act of 2025," requires the U.S. Executive Director at the International Monetary Fund (IMF) to push for more transparency from China in how it manages its exchange rates. The bill emphasizes working through the IMF to scrutinize...
Simple Explanation
The bill wants a special person from the United States to ask China to show how they decide the price of their money compared to other monies, hoping others help too. They’ll stop asking when China is as open about it as other big countries.