House Bill 386
119th Congress(2025-2026)
Chinese Currency Accountability Act of 2025
Active
Passed House on Feb 10, 2025
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
386
Congress
119
Policy Area
Foreign Trade and International Finance
Foreign Trade and International Finance
Primary focus of measure is competitiveness, trade barriers and adjustment assistance; foreign loans and international monetary system; international banking; trade agreements and negotiations; customs enforcement, tariffs, and trade restrictions; foreign investment. Measures concerning border enforcement may fall under Immigration policy area.
checkPassed on February 10, 2025
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)
Summary
Unavailable
February 11, 2025
February 10, 2025
January 14, 2025
Sort by most recent
02/11/2025
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
02/10/2025
Motion to reconsider laid on the table Agreed to without objection.
02/10/2025
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)
02/10/2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)
02/10/2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 386.
02/10/2025
Considered under suspension of the rules. (consideration: CR H595-596)
02/10/2025
Mr. Hill (AR) moved to suspend the rules and pass the bill.
01/14/2025
Referred to the House Committee on Financial Services.
01/14/2025
Introduced in House
Bill Intelligence
The act aims to instruct the United States Treasury to oppose any increase in the weight of the Chinese renminbi in the basket of currencies used to determine the value of Special Drawing Rights, unless certain conditions are met.
Conditions include the certification of China's compliance with IMF obligations, the absence of currency manipulation reports, and adherence to certain international rules and principles.
The act will be in effect for 10 years after its enactment, after which Section 2 will have no force or effect.
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Public Record
Record Updated
Feb 13, 2025 3:08:15 AM