Search for members, bills, votes, committees, hearings, and nominations
S. 2146, the China Exchange Rate Transparency Act of 2025, has passed committee review and is eligible for a floor vote. If enacted, the bill would require the U.S. Executive Director at the International Monetary Fund to advocate for increased transparency and monitoring of China's exchange rate policies. The bill would also require the Treasury Secretary to report annually to Congress on these advocacy efforts and China's compliance with international monetary agreements.
The bill addresses concerns that China lacks transparency in its foreign exchange practices compared to other major economies. Supporters contend that China is required by the International Monetary Fund to maintain orderly exchange rate arrangements and avoid currency manipulation, but has not fully complied or provided adequate information about its practices. The bill seeks to ensure closer international scrutiny of China's exchange rate arrangements through the IMF's surveillance mechanisms.
If passed, the bill would have minimal fiscal impact, with estimated implementation costs under $500,000 over five years. The practical effect on everyday citizens would likely be indirect, potentially influencing U.S.-China trade dynamics and currency valuations over time, though the bill itself focuses on diplomatic advocacy rather than direct economic measures.
AI-generated summary
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Oct 22, 2025
Oct 22, 2025 · 13:30
The Senate Committee on Foreign Relations convened on October 22, 2025, for a business meeting to consider a broad package of foreign policy legislation. The agenda included multiple bills targeting U.S. relations with China and Taiwan, such as measures to develop economic deterrence tools against Chinese aggression toward Taiwan, expedite military equipment transfers to Taiwan, and strengthen Taiwan's international standing. The committee also reviewed legislation addressing Russia, including a bill to designate Russia as a state sponsor of terrorism and measures to support Ukraine through seizure of Russian assets. Additional bills covered regional security partnerships like the AUKUS alliance with Australia and the United Kingdom, sanctions on Haitian elites, Arctic affairs, critical mineral supply chains, and international scam operations. No witnesses were listed for this business meeting, which focused on committee consideration of the proposed legislation rather than hearing public testimony. Business meetings typically allow committee members to debate bills and vote on whether to advance them to the full Senate. The hearing does not guarantee that any of the bills will advance. The committee's consideration of these measures represents the initial step in the legislative process, after which the bills would require further action and votes before potentially moving forward in Congress.
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Oct 30, 2025
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Oct 30, 2025
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Oct 22, 2025
Oct 22, 2025 · 13:30
The Senate Committee on Foreign Relations convened on October 22, 2025, for a business meeting to consider a broad package of foreign policy legislation. The agenda included multiple bills targeting U.S. relations with China and Taiwan, such as measures to develop economic deterrence tools against Chinese aggression toward Taiwan, expedite military equipment transfers to Taiwan, and strengthen Taiwan's international standing. The committee also reviewed legislation addressing Russia, including a bill to designate Russia as a state sponsor of terrorism and measures to support Ukraine through seizure of Russian assets. Additional bills covered regional security partnerships like the AUKUS alliance with Australia and the United Kingdom, sanctions on Haitian elites, Arctic affairs, critical mineral supply chains, and international scam operations. No witnesses were listed for this business meeting, which focused on committee consideration of the proposed legislation rather than hearing public testimony. Business meetings typically allow committee members to debate bills and vote on whether to advance them to the full Senate. The hearing does not guarantee that any of the bills will advance. The committee's consideration of these measures represents the initial step in the legislative process, after which the bills would require further action and votes before potentially moving forward in Congress.
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Oct 30, 2025
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Oct 30, 2025
