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   &lt;pre&gt;[Congressional Record Volume 167, Number 103 (Monday, June 14, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. DAVIDSON:H.R. 3866.Congress has the power to enact this legislation pursuantto the following:Clause 3 of section 8 of article I of the Constitution[Page H2746]&lt;/pre&gt;
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     &lt;p&gt;&lt;b&gt;Chinese Currency Accountability Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies used to determine the value of Special Drawing Rights. Special Drawing Rights are a currency support tool available to members of the International Monetary Fund (IMF).&lt;/p&gt; &lt;p&gt;Specifically, the Department of the Treasury must instruct certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that (1) China is in compliance with all general obligations of members of the IMF, (2) China has not been found to have manipulated its currency in the preceding 12 months, and (3) China is implementing policies and practices necessary to ensure that the renminbi is freely usable.&lt;/p&gt;
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   Chinese Currency Accountability Act of 2021
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     Chinese Currency Accountability Act of 2021
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     To require the United States Governor of, and the United States Executive Director at, the International Monetary Fund to oppose an increase in the weight of the Chinese renminbi in the Special Drawing Rights basket of the Fund, and for other purposes.
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-06-14
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-06-14
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-06-14
9
Library of Congress
Introduced in House
IntroReferral
2021-06-14T21:03:20Z
Referred to
House
Financial Services Committee
hsba00
Standing
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-06-14
2021-06-14
Referred to the House Committee on Financial Services.
House
Foreign Trade and International Finance
2021-09-03
Referred to the Subcommittee on Energy and Mineral Resources.
CRS
Related bill
Countering Communist China Act
HR
D000626
8
Warren
Rep. Davidson, Warren [R-OH-8]
N
Davidson
R
OH
Asia China Congressional oversight Currency International monetary system and foreign exchange
2021-06-14
Introduced in House
 <p><b>Chinese Currency Accountability Act of 2021</b></p> <p>This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies used to determine the value of Special Drawing Rights. Special Drawing Rights are a currency support tool available to members of the International Monetary Fund (IMF).</p> <p>Specifically, the Department of the Treasury must instruct certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that (1) China is in compliance with all general obligations of members of the IMF, (2) China has not been found to have manipulated its currency in the preceding 12 months, and (3) China is implementing policies and practices necessary to ensure that the renminbi is freely usable.</p>
2022-01-21T01:27:17Z
00
2021-06-14T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3866ih/xml/BILLS-117hr3866ih.xml
Chinese Currency Accountability Act of 2021
Chinese Currency Accountability Act of 2021
Display Title
IH
Introduced in House
To require the United States Governor of, and the United States Executive Director at, the International Monetary Fund to oppose an increase in the weight of the Chinese renminbi in the Special Drawing Rights basket of the Fund, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Chinese Currency Accountability Act of 2021
Short Title(s) as Introduced
HR
2023-03-08T14:30:24Z
2023-03-08T14:30:24Z
3.0.0
2021-09-03
Referred to the Subcommittee on Energy and Mineral Resources.
CRS
Related bill
Countering Communist China Act
HR
H11100
2021-06-14
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-06-14
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Library of Congress
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2021-06-14
9
Library of Congress
Introduced in House
IntroReferral
D000626
8
Warren
Rep. Davidson, Warren [R-OH-8]
N
Davidson
R
OH
Asia China Congressional oversight Currency International monetary system and foreign exchange
2021-06-14
Introduced in House
 <p><b>Chinese Currency Accountability Act of 2021</b></p> <p>This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies used to determine the value of Special Drawing Rights. Special Drawing Rights are a currency support tool available to members of the International Monetary Fund (IMF).</p> <p>Specifically, the Department of the Treasury must instruct certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that (1) China is in compliance with all general obligations of members of the IMF, (2) China has not been found to have manipulated its currency in the preceding 12 months, and (3) China is implementing policies and practices necessary to ensure that the renminbi is freely usable.</p>
2022-01-21T01:27:17Z
00
Chinese Currency Accountability Act of 2021
Chinese Currency Accountability Act of 2021
Display Title
IH
Introduced in House
To require the United States Governor of, and the United States Executive Director at, the International Monetary Fund to oppose an increase in the weight of the Chinese renminbi in the Special Drawing Rights basket of the Fund, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Chinese Currency Accountability Act of 2021
Short Title(s) as Introduced
2021-06-14
Referred to the House Committee on Financial Services.