Chinese Currency Accountability Act (RMB SDR Weight)
Current understanding
To be populated as evidence accumulates.
Evidence log
- 2025-02-24 — Leveling the Playing Field 2.0 Act: cross-connection with leveling-the-playing-field-2-act: Currency-undervaluation-as-subsidy provision links AD/CVD trade remedies to broader RMB/SDR accountability efforts. (novelty: 3)
- 2025-02-11 — China Exchange Rate Transparency Act of 2025: cross-connection with china-exchange-rate-transparency-act: Both use U.S. leverage at the IMF to address Chinese currency policy — this Act targets exchange-rate transparency and quota conditionality, while the Chinese Currency Accountability Act targets the RMB’s weighting in the SDR basket. (novelty: 2)
- 2025-02-11 — Chinese Currency Accountability Act of 2025: Bill text (HR386, 119th Cong.) directs Treasury to instruct U.S. IMF representatives to oppose any increase in the renminbi’s weight in the SDR basket unless China is certified as (1) compliant with IMF Article IV/VIII member obligations, (2) not having manipulated its currency in the prior 12 months, and (3) adhering to Paris Club and OECD Arrangement on Officially Supported Export Credits rules. (novelty: 2)