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.