# H.R. 692 (119th): China Exchange Rate Transparency Act of 2023

China Exchange Rate Transparency Act of 2023 This bill requires the U.S. Executive Director at the International Monetary Fund (IMF) to use the voice and vote of the United States to advocate for increased exchange rate transparency from China. Some areas of focus for this advocacy are (1) Chinese exchange rate arrangements, including any indirect foreign exchange market intervention through Chinese financial institutions or state-owned enterprises; (2) enhanced multilateral and bilateral surveillance by the IMF; and (3) stronger consideration of China's performance as a responsible stakeholder in the international monetary system when evaluating quota and voting shares at the IMF. The requirements of the bill expire seven years and 30 days after the date of the bill's enactment or earlier if China meets certain conditions regarding its exchange rate policies.

## How this bill is scored

Tier: no Tier 1 record. A bill with no record cannot newly become Tier 1.
Lane: economic_transparency. Category: not stored. Lane tag: not stored.
Lane: foreign_policy. Category: war_peace. Lane tag: prudential.
Tier 1 sign-off: no record. A bill with no record cannot newly become Tier 1.
Stored polarity: mixed. Only tags the rules mark scoreable on a mixed bill are scored. A yea can draw a penalty or a credit according to the tag. A nay on a tag scored as good can draw a penalty.
Roll 36: On Motion to Suspend the Rules and Pass, as Amended. Vote type: final_passage.
Polarity rationale: Reviewed enrichment (llm_import) polarity: The bill pursues a defensible goal of exchange rate transparency and honest monetary dealing, but it works through prudential foreign economic diplomacy with no direct restraint of evil or direct advancement of moral harm. The mix of a modest good aim with contestable policy means of advocacy places it in the mixed category.
Theological note: Scripture requires honest weights and measures and truthful dealing in commerce (Deut. 25:13-16; Prov. 11:1), so concern for transparency in currency practices bears on justice in economic dealings. The measure, however, is an advocacy mandate on a contested monetary and diplomatic question, and it does not directly restrain or advance a named moral harm. This is issue relevance for prudential judgment, not a final candidate judgment.

## Recorded votes

Roll 36: On Motion to Suspend the Rules and Pass, as Amended. Yea 388 · Nay 7 · Other 38.

HTML: https://justmeasure.org/bill/hr-692-119/