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H.R. 692119th CongressInternational Affairs
China Exchange Rate Transparency Act of 2025
Sponsored by Rep. Daniel Meuser (R-PA) · 10 active : 8 Republicans, 2 Democrats
Latest action: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Where it standsPassed House, now in the Senate8 senators score as swing votes
Passed House
- House: passedFeb 10, 2025
- Senate: next
- President: not yet
Summary
, via Congress.govChina Exchange Rate Transparency Act of 2023
This bill requires the U.S. Executive Director at the International Monetary Fund (IMF) to use the voice and vote of the United States to advocate for increased exchange rate transparency from China.
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Some areas of focus for this advocacy are (1) Chinese exchange rate arrangements, including any indirect foreign exchange market intervention through Chinese financial institutions or state-owned enterprises; (2) enhanced multilateral and bilateral surveillance by the IMF; and (3) stronger consideration of China's performance as a responsible stakeholder in the international monetary system when evaluating quota and voting shares at the IMF.
The requirements of the bill expire seven years and 30 days after the date of the bill's enactment or earlier if China meets certain conditions regarding its exchange rate policies.
How the projections held up
Each member’s recorded vote compared with their swing projection from before the vote. A member by voting against most of their own party.
House
On Motion to Suspend the Rules and Pass, as AmendedPassed388 yea, 7 nayFebruary 10, 2025 · Roll call 36
| BandBand before the vote | VotedVoted yea or nay | BrokeBroke with party | Share |
|---|---|---|---|
| Swing | 28 | 3 | 11% |
| Middle | 184 | 4 | 2% |
| Entrenched | 118 | 0 | 0% |
Committees and subjects
Committees
- House Committee on Financial Services · HouseReferred to
- Senate Committee on Foreign Relations · SenateReferred to
Subjects
- Asia
- China
- International monetary system and foreign exchange
Model
Directional: count only breaks toward the other partyWhy do scores change?v3default (selected)v2 model swing-v2
How the Senate breaks down
- 8Swing 70–100
- 75Middle 30–70
- 17Entrenched 0–30
Members fall into . All 100 senators have enough data to score.
Key players in the Senate
Ranked by swing score, 0–100 · swing-v3Bars show each input from 0 to 100: ideology gap, scorecard gap, , and the . is the seat’s partisan lean, and shows how much of the input data a score has.
Similar past votes, Senate
Earlier behind swing-v3’s inputLoading similar votes
Cosponsors
10 activeShow all 10 cosponsors
- Barry Loudermilk (R-GA-11)
- John R. Moolenaar (R-MI-2)
- Mark B. Messmer (R-IN-8)
- Monica De La Cruz (R-TX-15)
- Susie Lee (D-NV-3)
- Ben Cline (R-VA-6)
- Michael Lawler (R-NY-17)
- Thomas R. Suozzi (D-NY-3)
- Glenn Thompson (R-PA-15)
- Stephanie I. Bice (R-OK-5)
How the swing score works
Ideology gapHow far a member’s DW-NOMINATE voting score sits from their party’s median in the same chamber.
Scorecard gapHow far their Heritage Action and LCV ratings stray from their party’s average, using the groups’ votes on similar bills where available.
Cross-pressureHow strongly their district or state leans toward the other party, from our own computed partisan lean.
Similar votesHow often they voted against their own party on earlier roll calls about this bill or similar ones.
Committee bonusMembers of the committees handling the bill decide whether it moves, so they get a boost.
Cosponsor checkThe sponsor and active cosponsors have already committed, so they drop toward entrenched.
