Expressing the sense of the House of Representatives that the Chinese Communist Party should be held accountable for present day efforts of knowingly and intentionally manipulating their currency.

House Resolution 421 is a non-binding measure that formally expresses the House of Representatives' disapproval of the Chinese Communist Party’s currency practices. The resolution calls on the Biden administration to engage with the International Monetary Fund to address claims that China intentionally devalues its currency to gain an unfair trade advantage. While the bill does not change federal law or impose new taxes, it aims to signal a congressional commitment to protecting American businesses and workers from international competition that relies on manipulated exchange rates.