---
kind: "diff"
citation: "H.R. 839"
bill: "118-hr-839"
heading: "China Exchange Rate Transparency Act of 2023"
from: "ih"
from_label: "Introduced in House"
to: "rh"
to_label: "Reported in House"
sections_amended: 2
sections_added: 0
sections_removed: 0
url: "https://uscodex.org/bills/118/hr/839/changes/rh"
---

# H.R. 839 — what changed

H.R. 839, China Exchange Rate Transparency Act of 2023 — 2 sections amended between Introduced in House and Reported in House.

Edits are marked `<del>struck</del>` and `<ins>inserted</ins>`.

## Sec. 3 Advocacy for increased exchange rate transparency from China

- The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund (in this Act referred to as the “IMF”) to use the voice and vote of the United States to advocate for—
- (1) increased transparency from the People’s Republic of <del>China </del><ins>China, and enhanced multilateral and bilateral surveillance by the IMF, </ins>with respect to the exchange rate arrangements of the People’s Republic of China, including any indirect foreign exchange market intervention through Chinese financial institutions or <del>State-owned </del><ins>state-owned </ins>enterprises;
- (2) <del>compliance by </del><ins>in connection with consultations with </ins>the People’s Republic of China <del>with information requests from </del><ins>under Article IV of </ins>the <del>IMF regarding </del><ins>Articles of Agreement of </ins>the <del>exchange rate policies and holdings </del><ins>IMF, the inclusion </ins>of <ins>any significant divergences by </ins>the People’s Republic of <del>China, consistent with </del><ins>China from </ins>the <del>Articles </del><ins>exchange rate policies </ins>of <del>Agreement </del><ins>other issuers </ins>of <ins>currencies used in determining </ins>the <del>IMF;</del><ins>value of Special Drawing Rights; and</ins>
- (3) <del>in connection with consultations with the People’s Republic of China under Article IV of the Articles of Agreement </del><ins>during governance reviews </ins>of the IMF, <del>the publication of any significant divergences </del><ins>stronger consideration </ins>by <del>the People’s Republic </del><ins>IMF members and management </ins>of <del>China from </del>the <del>exchange rate policies of other issuers </del><ins>performance </ins>of <del>currencies used </del><ins>China as a responsible stakeholder </ins>in <del>determining </del>the <del>value of Special Drawing Rights; and</del><ins>international monetary system when evaluating quota and voting shares at the IMF.</ins>
- (4) <del>during governance reviews of the IMF, stronger consideration by IMF members and management of non-transparent exchange rate policies undertaken by the People’s Republic of China when evaluating quota and voting shares at the IMF.</del>

## Sec. 4 Sunset

- This Act shall have no force or effect on or after the date that is 30 days after the earlier of—
- (1) the date that the United States Governor of the IMF reports to the Congress that the People’s Republic of China—
  - (A) is in substantial compliance with obligations of the People’s Republic of China under the Articles of Agreement of the IMF regarding orderly exchange rate arrangements; and
  - (B) has undertaken exchange rate policies <ins>and practices </ins>consistent with those of other issuers of currencies used in determining the value of Special Drawing Rights; and
- (2) the date that is 7 years after the date of the enactment of this Act.