United States 119th Congress Status: Passed House 2 R cosponsors

HR 386 — Chinese Currency Accountability Act of 2025

Last action — Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the House. Introduced January 14, 2025. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Odds of enactment

Moderate chance

Based on the sponsor, cosponsors, and committee posture, this bill has a moderate chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 30% · moderate confidence

  • Passed House

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

HR 386 aims to improve financial services regulations.

HR 386 was introduced to make certain changes to financial services regulations. It is currently under consideration in the House.

What this means for you
  • Consumers: This means better protection and support for your financial transactions.
  • Small Business: This could lead to improved access to financial services for your business needs.

Bill Text

What changed in the latest version

5 added · 1 removed

Plain-language change summary

The updated version of the bill includes a new reference indicating that it has been received in the Senate, read twice, and referred to the Committee on Foreign Relations. Additionally, the prior designation of the bill as "Engrossed in House" has been removed. This change reflects the bill's progression to the Senate for further consideration.

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Latest
386 Engrossed in House (EH)] <DOC> 119th CONGRESS 1st Session H.
386 Referred in Senate (RFS)] <DOC> 119th CONGRESS 1st Session H.
386 _______________________________________________________________________ AN ACT 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.
386 _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 11, 2025 Received;
read twice and referred to the Committee on Foreign Relations _______________________________________________________________________ AN ACT 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.
Clerk.
KEVIN F.
119th CONGRESS 1st Session H.
MCCUMBER, Clerk.
R.
386 _______________________________________________________________________ AN ACT 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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Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

  4. Mr. Hill (AR) moved to suspend the rules and pass the bill.

  5. Considered under suspension of the rules. (consideration: CR H595-596)

  6. DEBATE - The House proceeded with forty minutes of debate on H.R. 386.

  7. Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)

  8. On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H595)

  9. Motion to reconsider laid on the table Agreed to without objection.

  10. Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

Show all 545 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HR 386?
HR 386 is sponsored by Davidson, Warren (Republican) and Meuser, Daniel (Republican).
What is the current status of HR 386?
This bill has passed the House. Introduced January 14, 2025. It now moves to the second chamber.
Where can I track HR 386?
Track HR 386 free on One Click Politics — get push/email alerts when it moves.

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