H.R. 8290 — what changed

changed This Act may be cited as the “Exchange “China Exchange Rate Accountability Act of 2026”.

The Bretton Woods Agreements Act (22 U.S.C. 286–286aaa) is amended—

changed “75. Opposition to quota International Monetary Fund voting power increase for countries that undermine the balanced growth People’s Republic of international tradeChina

changed “(a) In general—Not less than 7 days before consideration of any proposal to increase the quota of a foreign member voting power of the Fund that is one People’s Republic of the 10 largest shareholders in the Fund, China, the Secretary of the Treasury shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that sets forth a determination by the Secretary as to whether the foreign member People’s Republic of China meets the following criteria:

changed “(1) The member, People’s Republic of China, in the preceding 12 months, does not appear to have been in violation of the its obligations of the member under Article VIII of the Articles of Agreement of the Fund, based on publicly available data.

changed “(2) The member—People’s Republic of China—

“(A) maintains transparent exchange rate policies and practices; and

“(B) publishes credible balance of payments data.

changed “(3) To the extent that the member, People’s Republic of China, in the preceding 12 months, has recorded a current account surplus, the member People’s Republic of China has not persistently managed the rate of exchange between its currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.

changed “(b) Effect of determination—On determining that a foreign member of the Fund People’s Republic of China has failed to meet any of the criteria set forth in subsection (a), the Secretary shall instruct the Governor of the Fund to use the voice and vote of the United States to oppose the proposal to increase the quota voting power of the member People’s Republic of China in the Fund.

changed “(c) Waiver—The President may waive subsection (b) with respect to a member of the Fund People’s Republic of China on reporting to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that the waiver is important to the national interest of the United States, with an explanation of the reasons therefor.

changed “(d) Proposal consideration—For purposes of this section, consideration of a proposal to increase the quota of a foreign member voting power of the Fund People’s Republic of China does not include consent to an amendment to the Articles of Agreement of the Fund that has been authorized by law.

changed “(e) Sunset—This section shall cease to have force or effect 7 years after the date of the enactment of this Act.”section.”