Search Results for keywords:"paris club"

Search Results: keywords:"paris 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 09, 2024
Status:Engrossed in House
Congress:118
Words:459
H.R. 510, titled the “Chinese Currency Accountability Act of 2023,” calls for the United States' representatives at the International Monetary Fund (IMF) to oppose any increase in the weight of the Chinese renminbi within the IMF's Special Drawing Rights basket. The bill...
Simple Explanation
The bill wants the people in charge for the US at a big money club called the International Monetary Fund to say "no" to giving China's money more importance unless China follows some important rules and doesn't change the value of its money unfairly. This rule will stop being a rule after 10 years.

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