H.R. 692
Requires pushing China for currency transparency at fund
Directs the United States official at the International Monetary Fund to push China for more openness about its money values.
- Focuses on indirect foreign exchange market intervention by China
- Pushes for enhanced surveillance of China by the fund
- Ties China's voting shares to its performance as a responsible stakeholder
- Requirements expire after seven years and thirty days or when conditions are met
Passed the House · Senate's turn