118th Congress (2023-2024)

HR 510

Chinese Currency Accountability Act of 2023

In Second Chamber

Jurisdiction

US Congress

Session

118th Congress (2023-2024)

Official source

Chamber

House

Session

118th Congress (2023-2024)

Jurisdiction

US Congress

Bill overview

This bill requires the United States to actively oppose increasing the influence of the Chinese renminbi within the International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket. To do so, the Treasury Secretary must instruct U.S. representatives at the IMF to vote against such increases unless certain conditions are met, including China’s compliance with IMF obligations, a lack of currency manipulation reports, and the implementation of policies promoting the renminbi’s global usability. The bill also includes a sunset provision, meaning it will expire after 10 years.

Positions across the country

No public positions recorded for this legislation.

Arguments in favor

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Arguments opposed

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Legislative history

2023-01-25House

Referred to the House Committee on Financial Services.

2023-01-25

Introduced in House

2023-01-25

Introduced in House

2023-02-28House

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.

Passage without roll call

The official record shows passage by unanimous consent or voice vote where no roll call was taken. No member-level tally is available for these steps, and the district map does not apply.

9/9/2024HouseVoice vote
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5041)
No roll-call vote on record for this action.
9/9/2024Voice vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5041)
No roll-call vote on record for this action.

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Passage without roll call

9/9/2024HouseVoice vote
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5041)
No roll-call vote on record for this action.
9/9/2024Voice vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5041)
No roll-call vote on record for this action.

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HR 510

Bill overview

Sponsors

Primary sponsor

Cosponsors

Positions across the country

Arguments in favor

Arguments opposed

Passage without roll call

Floor votes and chamber actions

Passage without roll call

Bill text

Positions across the country

Passage without roll call

Floor votes and chamber actions

Passage without roll call