Search Results for keywords:"imf articles of agreement"

Search Results: keywords:"imf articles of agreement"

H. R. 692 — An Act To require the United States Executive Director at the International Monetary Fund to advocate for increased transparency with respect to exchange rate policies of the People’s Republic of China, and for other purposes.
February 10, 2025
Status:Engrossed in House
Congress:119
Words:801
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.
H. R. 386 — An Act To require the United States Governor of, and the United States Executive Director at, the International Monetary Fund to oppose an increase in the weight of the Chinese renminbi in the Special Drawing Rights basket of the Fund, and for other purposes.
February 11, 2025
Status:Referred in Senate
Congress:119
Words:424
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.
H. R. 692 — An Act To require the United States Executive Director at the International Monetary Fund to advocate for increased transparency with respect to exchange rate policies of the People’s Republic of China, and for other purposes.
February 11, 2025
Status:Referred in Senate
Congress:119
Words:776
H. R. 692, known as the “China Exchange Rate Transparency Act of 2025,” requires the United States Executive Director at the International Monetary Fund (IMF) to advocate for increased transparency regarding China's exchange rate policies. The bill aims to ensure the IMF...
Simple Explanation
The bill wants a special person from the U.S. to ask for China to share more about how they handle their money exchange with other countries, so everyone can understand it better. If China does what they're supposed to or after seven years, the bill will stop being needed.

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