S 3036
Chinese Communist Party SDR Exchange Prohibition Act of 2025
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill aims to prevent the U.S. Treasury Secretary from exchanging Special Drawing Rights (SDRs) issued by the International Monetary Fund if those SDRs are held by the Chinese Communist Party. It requires the Treasury to actively discourage other countries from doing the same and directs the U.S. representative at the IMF to oppose any allocation of SDRs to the CCP. The bill includes a process for the President to potentially waive these restrictions, but only with congressional notification and justification. The law would expire after five years or if the President determines it’s no longer in the U.S. national interest.
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