Search Results for keywords:"oecd arrangement"

Search Results: keywords:"oecd arrangement"

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 10, 2025
Status:Engrossed in House
Congress:119
Words:459
H.R. 386, also known as the “Chinese Currency Accountability Act of 2025,” aims to ensure that the United States opposes any increase in the weight of the Chinese renminbi (RMB) in the International Monetary Fund's Special Drawing Rights basket unless certain conditions are...
Simple Explanation
The bill says that the United States should say "no" to letting China's money become more important in a big, international money club unless China plays fairly and follows the rules. If China doesn't play by the rules, the U.S. should not give it more power with its money in this club.
H. R. 386 — 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.
January 14, 2025
Status:Introduced in House
Congress:119
Words:465
H.R. 386 is known as the “Chinese Currency Accountability Act of 2025.” This bill directs the Secretary of the Treasury to instruct U.S. representatives at the International Monetary Fund (IMF) to oppose any increase in the weight of the Chinese renminbi in the IMF’s Special...
Simple Explanation
H.R. 386 says that the U.S. wants to make sure China is playing fair with its money before they let China's money become more important in a special world money group. If China doesn't follow the rules, the U.S. will say no to this change for the next ten years.
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. 510 — 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.
September 10, 2024
Status:Referred in Senate
Congress:118
Words:424
H.R. 510 is a bill requiring the United States representatives at the International Monetary Fund (IMF) to oppose any increase in the weight of the Chinese renminbi in the IMF's Special Drawing Rights basket. This opposition will remain unless the U.S. Treasury can certify...
Simple Explanation
H.R. 510 is a proposed rule that would tell the United States to say "no" if the International Monetary Fund wants to give China’s money, called the renminbi, more importance in a special money group, unless China behaves responsibly with its money. This rule would last for ten years.

Showing 1 to 4 of 4 results