H.R. 839, known as the "China Exchange Rate Transparency Act of 2023," aims to increase transparency in China's exchange rate policies. The bill directs the U.S. Executive Director at the International Monetary Fund (IMF) to push for more openness from China regarding its currency practices...
Simple Explanation
The "China Exchange Rate Transparency Act of 2023" is a rule that asks the U.S. to tell an important money group to ask China to be clear about how they handle their money and to check it better. If China starts following the rules or if seven years pass, the rule might end.