United States 119th Congress Status: Passed House Bipartisan · 9 R · 2 D cosponsors

HR 692 — China Exchange Rate Transparency 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 23, 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.

Upgrade to see the exact probability and what's driving it.

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

Prognosis

Likely to advance 74% · high confidence

  • Passed House

    Current position in the legislative process.

  • 11 sponsors

    1 primary, 10 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (9 R · 2 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

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 692 aims to improve financial services for underserved communities.

This bill seeks to enhance access to financial services for people in underserved areas. It focuses on creating more opportunities for financial inclusion, aiming to uplift these communities economically.

What this means for you
  • Consumers: This means more access to banking services and financial resources for individuals in underserved areas.
  • Small Business: Small businesses in these communities may gain better access to funding opportunities and financial support.

Summary

China Exchange Rate Transparency Act of 2023This 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.

Bill Text

What changed in the latest version

5 added · 1 removed

Plain-language change summary

The text shows that the bill HR 692 has been moved to the Senate after being received and read twice. It has been referred to the Committee on Foreign Relations. This indicates a step in the legislative process where the Senate will review the bill and discuss its provisions.

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Previous
Latest
692 Engrossed in House (EH)] <DOC> 119th CONGRESS 1st Session H.
692 Referred in Senate (RFS)] <DOC> 119th CONGRESS 1st Session H.
692 _______________________________________________________________________ AN ACT To require the United States Executive Director at the International Monetary Fund to advocate for increased transparency with respect to exchange rate policies of the People's Republic of China, and for other purposes.
692 _______________________________________________________________________ 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 Executive Director at the International Monetary Fund to advocate for increased transparency with respect to exchange rate policies of the People's Republic of China, and for other purposes.
Clerk.
KEVIN F.
119th CONGRESS 1st Session H.
MCCUMBER, Clerk.
R.
692 _______________________________________________________________________ AN ACT To require the United States Executive Director at the International Monetary Fund to advocate for increased transparency with respect to exchange rate policies of the People's Republic of China, 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, as amended.

  5. Considered under suspension of the rules. (consideration: CR H596-599)

  6. DEBATE - The House proceeded with forty minutes of debate on H.R. 692.

  7. At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  8. Considered as unfinished business. (consideration: CR H605)

  9. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 7 (Roll no. 36). (text: CR H597)

  10. On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 7 (Roll no. 36). (text: CR H597)

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

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

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 10 co-sponsors · 536 not signed on · 6 voted No

Sponsors (1)

Co-sponsors (10)

Not signed on (536)

536 members have not signed on to this bill.

Show all 536 →

"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

Votes

On Motion to Suspend the Rules and Pass, as Amended

Passed 388 Yea · 7 Nay · 38 Other
Party YeaNayPresentNot Voting
Unaffiliated 841010
Republican 1496011
Democratic 1530017
Independent 1000
Jackson 1000
Total 3887038
% of votes cast 90%2%0%9%
How each member voted (433)
Member Party Vote
Adams — Yea
Alford — Yea
Allen — Yea
Arrington — Yea
Bacon — Yea
Barr — Not Voting
Beatty — Yea
Bell — Not Voting
Bishop — Yea
Brown — Yea
Buchanan — Yea
Bynum — Yea
Calvert — Yea
Carey — Yea
Carson — Yea
Case — Yea
Cole — Yea
Collins — Yea
Conaway — Yea
Craig — Yea
Crane — Nay
Crawford — Yea
Crenshaw — Yea
Crockett — Yea
Davidson — Yea
Dexter — Not Voting
Downing — Not Voting
Edwards — Not Voting
Fields — Yea
Fitzgerald — Yea
Fitzpatrick — Yea
Fletcher — Yea
Foster — Yea
Frost — Yea
Fry — Yea
Gonzalez, V. — Yea
Graves — Yea
Gray — Yea
Green (TN) — Yea
Greene (GA) — Yea
Grijalva — Not Voting
Guthrie — Yea
Horsford — Yea
Hudson — Yea
Hunt — Not Voting
Jack — Yea
Jacobs — Yea
James — Yea
Kim — Yea
Latimer — Yea
Lawler — Yea
Leger Fernandez — Not Voting
Levin — Yea
Lucas — Yea
Mace — Yea
Mann — Yea
McBride — Yea
McClellan — Yea
McCormick — Yea
McDonald Rivet — Yea
McDowell — Yea
Menendez — Yea
Mills — Yea
Moran — Yea
Morrison — Yea
Moulton — Yea
Mullin — Not Voting
Murphy — Yea
Owens — Yea
Palmer — Yea
Perry — Yea
Peters — Yea
Randall — Yea
Rose — Yea
Ross — Yea
Rutherford — Yea
Ryan — Yea
Sessions — Yea
Sherman — Yea
Sherrill — Not Voting
Simpson — Yea
Stanton — Yea
Stevens — Yea
Strong — Yea
Sykes — Yea
Taylor — Yea
Tenney — Yea
Titus — Yea
Turner (TX) — Yea
Underwood — Yea
Van Drew — Yea
Van Duyne — Yea
Van Orden — Yea
Wagner — Yea
Wasserman Schultz — Yea
Aguilar, Pete Democratic Yea
Amo, Gabe Democratic Yea
Ansari, Yassamin Democratic Yea
Auchincloss, Jake Democratic Yea
Balint, Becca Democratic Yea
Barragán, Nanette Diaz Democratic Yea
Bera, Ami Democratic Yea
Beyer, Donald S. Democratic Yea
Bonamici, Suzanne Democratic Yea
Boyle, Brendan F. Democratic Yea
Brownley, Julia Democratic Yea
Budzinski, Nikki Democratic Yea
Carbajal, Salud O. Democratic Yea
Carter, Troy A. Democratic Not Voting
Casar, Greg Democratic Yea
Casten, Sean Democratic Yea
Castor, Kathy Democratic Yea
Castro, Joaquin Democratic Yea
Cherfilus-McCormick, Sheila Democratic Yea
Chu, Judy Democratic Yea
Cisneros, Gilbert Ray Democratic Yea
Clark, Katherine M. Democratic Yea
Clarke, Yvette D. Democratic Yea
Cleaver, Emanuel Democratic Not Voting
Clyburn, James E. Democratic Yea
Cohen, Steve Democratic Yea
Connolly, Gerald E. Democratic Yea
Correa, J. Luis Democratic Yea
Costa, Jim Democratic Yea
Courtney, Joe Democratic Yea
Crow, Jason Democratic Yea
Cuellar, Henry Democratic Yea
Davids, Sharice Democratic Yea
Davis, Danny K. Democratic Yea
Davis, Donald G. Democratic Yea
DeGette, Diana Democratic Yea
DeLauro, Rosa L. Democratic Yea
DeSaulnier, Mark Democratic Yea
Dean, Madeleine Democratic Yea
DelBene, Suzan K. Democratic Yea
Delaney, John K. Democratic Yea
Deluzio, Christopher R. Democratic Yea
Dingell, Debbie Democratic Yea
Doggett, Lloyd Democratic Yea
Elfreth, Sarah Democratic Yea
Escobar, Veronica Democratic Yea
Espaillat, Adriano Democratic Yea
Evans, Dwight Democratic Yea
Figures, Shomari Democratic Yea
Foushee, Valerie P. Democratic Yea
Frankel, Lois Democratic Yea
Friedman, Laura Democratic Yea
Garamendi, John Democratic Yea
Garcia, Robert Democratic Yea
Garcia, Sylvia R. Democratic Yea
García, Jesús G. "Chuy" Democratic Yea
Gillen, Laura Democratic Yea
Golden, Jared F. Democratic Yea
Goldman, Daniel S. Democratic Yea
Gomez, Jimmy Democratic Not Voting
Goodlander, Maggie Democratic Yea
Gottheimer, Josh Democratic Not Voting
Green, Al Democratic Yea
Harder, Josh Democratic Yea
Hayes, Jahana Democratic Yea
Himes, James A. Democratic Yea
Houlahan, Chrissy Democratic Yea
Hoyer, Steny H. Democratic Not Voting
Hoyle, Val T. Democratic Yea
Huffman, Jared Democratic Not Voting
Ivey, Glenn Democratic Not Voting
Jackson, Jonathan L. Democratic Not Voting
Jayapal, Pramila Democratic Yea
Jeffries, Hakeem S. Democratic Yea
Johnson, Henry C. "Hank" Democratic Yea
Johnson, Julie Democratic Yea
Kamlager-Dove, Sydney Democratic Not Voting
Kaptur, Marcy Democratic Yea
Keating, William R. Democratic Not Voting
Kelly, Robin L. Democratic Yea
Kennedy, Timothy M. Democratic Yea
Khanna, Ro Democratic Yea
Krishnamoorthi, Raja Democratic Yea
Landsman, Greg Democratic Not Voting
Larsen, Rick Democratic Yea
Larson, John B. Democratic Not Voting
Lee, Summer L. Democratic Yea
Lee, Susie Democratic Yea
Liccardo, Sam T. Democratic Yea
Lieu, Ted Democratic Yea
Lofgren, Zoe Democratic Yea
Lynch, Stephen F. Democratic Yea
Magaziner, Seth Democratic Not Voting
Mannion, John W. Democratic Yea
Matsui, Doris O. Democratic Yea
McBath, Lucy Democratic Yea
McCollum, Betty Democratic Yea
McGarvey, Morgan Democratic Yea
McGovern, James P. Democratic Yea
McIver, LaMonica Democratic Yea
Meeks, Gregory W. Democratic Yea
Meng, Grace Democratic Yea
Mfume, Kweisi Democratic Yea
Min, Dave Democratic Yea
Moore, Gwen Democratic Yea
Morelle, Joseph D. Democratic Yea
Moskowitz, Jared Democratic Yea
Mrvan, Frank J. Democratic Yea
Nadler, Jerrold Democratic Yea
Neal, Richard E. Democratic Yea
Neguse, Joe Democratic Yea
Norcross, Donald Democratic Yea
Ocasio-Cortez, Alexandria Democratic Yea
Olszewski, Johnny Democratic Yea
Omar, Ilhan Democratic Yea
Pallone, Frank Democratic Yea
Panetta, Jimmy Democratic Yea
Pappas, Chris Democratic Yea
Pelosi, Nancy Democratic Yea
Perez, Marie Gluesenkamp Democratic Yea
Pettersen, Brittany Democratic Not Voting
Pingree, Chellie Democratic Yea
Pocan, Mark Democratic Yea
Pou, Nellie Democratic Yea
Pressley, Ayanna Democratic Yea
Quigley, Mike Democratic Yea
Ramirez, Delia C. Democratic Yea
Raskin, Jamie Democratic Yea
Riley, Josh Democratic Yea
Rivas, Luz M. Democratic Yea
Ruiz, Raul Democratic Yea
Salinas, Andrea Democratic Yea
Scanlon, Mary Gay Democratic Yea
Schakowsky, Janice D. Democratic Yea
Schneider, Bradley Scott Democratic Yea
Scholten, Hillary J. Democratic Yea
Schrier, Kim Democratic Not Voting
Scott, David Democratic Yea
Scott, Robert C. "Bobby" Democratic Yea
Sewell, Terri A. Democratic Yea
Simon, Lateefah Democratic Yea
Smith, Adam Democratic Yea
Sorensen, Eric Democratic Yea
Soto, Darren Democratic Yea
Stansbury, Melanie A. Democratic Yea
Strickland, Marilyn Democratic Yea
Subramanyam, Suhas Democratic Yea
Suozzi, Thomas R. Democratic Yea
Swalwell, Eric Democratic Not Voting
Sánchez, Linda T. Democratic Yea
Takano, Mark Democratic Yea
Thanedar, Shri Democratic Yea
Thompson, Bennie G. Democratic Yea
Thompson, Mike Democratic Yea
Tlaib, Rashida Democratic Yea
Tokuda, Jill N. Democratic Yea
Tonko, Paul Democratic Yea
Torres, Norma J. Democratic Yea
Torres, Ritchie Democratic Yea
Trahan, Lori Democratic Yea
Tran, Derek Democratic Yea
Vargas, Juan Democratic Yea
Vasquez, Gabe Democratic Yea
Veasey, Marc A. Democratic Yea
Velázquez, Nydia M. Democratic Yea
Vindman, Eugene Simon Democratic Yea
Waters, Maxine Democratic Yea
Whitesides, George Democratic Yea
Williams, Nikema Democratic Yea
Wilson, Frederica S. Democratic Not Voting
Kiley, Kevin Independent Yea
Nicholas Coleman Jackson Yea
Aderholt, Robert B. Republican Yea
Amodei, Mark E. Republican Yea
Babin, Brian Republican Yea
Baird, James R. Republican Yea
Balderson, Troy Republican Yea
Barrett, Tom Republican Yea
Baumgartner, Michael Republican Yea
Bean, Aaron Republican Yea
Begich, Nicholas J. Republican Yea
Bentz, Cliff Republican Yea
Bergman, Jack Republican Yea
Bice, Stephanie I. Republican Yea
Biggs, Andy Republican Nay
Biggs, Sheri Republican Yea
Bilirakis, Gus M. Republican Yea
Boebert, Lauren Republican Nay
Bost, Mike Republican Yea
Brecheen, Josh Republican Yea
Bresnahan, Robert P. Republican Yea
Burchett, Tim Republican Nay
Burlison, Eric Republican Yea
Cammack, Kat Republican Yea
Carter, Earl L. "Buddy" Republican Yea
Carter, John R. Republican Yea
Ciscomani, Juan Republican Not Voting
Cline, Ben Republican Yea
Cloud, Michael Republican Not Voting
Clyde, Andrew S. Republican Yea
Comer, James Republican Yea
Crank, Jeff Republican Yea
Cruz, Ted Republican Yea
DesJarlais, Scott Republican Not Voting
Diaz-Balart, Mario Republican Yea
Donalds, Byron Republican Yea
Dunn, Neal P. Republican Yea
Ellzey, Jake Republican Yea
Emmer, Tom Republican Yea
Estes, Ron Republican Yea
Evans, Gabe Republican Yea
Ezell, Mike Republican Yea
Fallon, Pat Republican Yea
Fedorchak, Julie Republican Yea
Feenstra, Randy Republican Yea
Finstad, Brad Republican Yea
Fischbach, Michelle Republican Yea
Fleischmann, Charles J. "Chuck" Republican Yea
Flood, Mike Republican Yea
Fong, Vince Republican Yea
Foxx, Virginia Republican Yea
Franklin, Scott Republican Yea
Fulcher, Russ Republican Yea
Garbarino, Andrew R. Republican Yea
Gill, Brandon Republican Yea
Gimenez, Carlos A. Republican Yea
Goldman, Craig A. Republican Yea
Gonzales, Tony Republican Yea
Gooden, Lance Republican Not Voting
Gosar, Paul A. Republican Nay
Griffith, H. Morgan Republican Yea
Grothman, Glenn Republican Yea
Guest, Michael Republican Yea
Hageman, Harriet M. Republican Yea
Hamadeh, Abraham J. Republican Yea
Haridopolos, Mike Republican Yea
Harrigan, Pat Republican Yea
Harris, Andy Republican Yea
Harris, Mark Republican Yea
Harshbarger, Diana Republican Yea
Hern, Kevin Republican Yea
Higgins, Clay Republican Yea
Hill, J. French Republican Yea
Hinson, Ashley Republican Yea
Houchin, Erin Republican Yea
Huizenga, Bill Republican Not Voting
Hurd, Jeff Republican Yea
Issa, Darrell Republican Yea
Jackson, Ronny Republican Yea
Johnson, Dusty Republican Yea
Johnson, Mike Republican Yea
Jordan, Jim Republican Yea
Joyce, David P. Republican Not Voting
Joyce, John Republican Yea
Kean, Thomas H. Republican Yea
Kelly, Mike Republican Yea
Kelly, Trent Republican Yea
Kennedy, Mike Republican Yea
Kiggans, Jennifer A. Republican Yea
Knott, Brad Republican Yea
Kustoff, David Republican Yea
LaHood, Darin Republican Yea
LaLota, Nick Republican Yea
LaMalfa, Doug Republican Not Voting
Langworthy, Nicholas A. Republican Yea
Latta, Robert E. Republican Yea
Lee, Laurel M. Republican Yea
Letlow, Julia Republican Yea
Loudermilk, Barry Republican Yea
Luna, Anna Paulina Republican Yea
Luttrell, Morgan Republican Yea
Mackenzie, Ryan Republican Yea
Malliotakis, Nicole Republican Yea
Maloy, Celeste Republican Yea
Massie, Thomas Republican Nay
Mast, Brian J. Republican Yea
McCaul, Michael T. Republican Yea
McClain, Lisa C. Republican Yea
McClintock, Tom Republican Not Voting
McGuire, John J. Republican Yea
Messmer, Mark B. Republican Not Voting
Meuser, Daniel Republican Yea
Miller, Carol D. Republican Yea
Miller, Mary E. Republican Yea
Miller, Max L. Republican Yea
Miller-Meeks, Mariannette Republican Not Voting
Moolenaar, John R. Republican Yea
Moore, Barry Republican Yea
Moore, Blake D. Republican Yea
Moore, Riley M. Republican Yea
Moore, Tim Republican Yea
Nehls, Troy E. Republican Yea
Newhouse, Dan Republican Yea
Norman, Ralph Republican Yea
Nunn, Zachary Republican Yea
Obernolte, Jay Republican Yea
Ogles, Andrew Republican Yea
Onder, Robert F. Republican Yea
Pfluger, August Republican Yea
Reschenthaler, Guy Republican Yea
Rogers, Harold Republican Yea
Rogers, Mike D. Republican Yea
Rouzer, David Republican Yea
Roy, Chip Republican Nay
Rulli, Michael A. Republican Yea
Salazar, Maria Elvira Republican Yea
Scalise, Steve Republican Yea
Schmidt, Derek Republican Yea
Schweikert, David Republican Yea
Scott, Austin Republican Yea
Self, Keith Republican Yea
Shreve, Jefferson Republican Yea
Smith, Adrian Republican Yea
Smith, Christopher H. Republican Yea
Smith, Jason Republican Yea
Smucker, Lloyd Republican Yea
Spartz, Victoria Republican Yea
Stauber, Pete Republican Yea
Stefanik, Elise M. Republican Yea
Steil, Bryan Republican Yea
Steube, W. Gregory Republican Yea
Stutzman, Marlin A. Republican Yea
Thompson, Glenn Republican Yea
Tiffany, Thomas P. Republican Yea
Timmons, William R. Republican Yea
Turner, Michael R. Republican Yea
Valadao, David G. Republican Yea
Walberg, Tim Republican Yea
Weber, Randy K. Sr. Republican Yea
Webster, Daniel Republican Not Voting
Westerman, Bruce Republican Yea
Wied, Tony Republican Yea
Williams, Roger Republican Yea
Wilson, Joe Republican Yea
Wittman, Robert J. Republican Yea
Womack, Steve Republican Yea
Yakym, Rudy Republican Yea
Zinke, Ryan K. Republican Yea

Subjects

finance
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Frequently asked questions

What does HR 692 do?
China Exchange Rate Transparency Act of 2023This 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.
Who sponsors HR 692?
HR 692 is sponsored by Meuser, Daniel (Republican), Loudermilk, Barry (Republican), Lee, Susie (Democratic), De La Cruz, Monica (Republican), Moolenaar, John R. (Republican), Messmer, Mark B. (Republican), Lawler, Michael (Republican), Cline, Ben (Republican), Suozzi, Thomas R. (Democratic), Thompson, Glenn (Republican), and Bice, Stephanie I. (Republican).
What is the current status of HR 692?
This bill has passed the House. Introduced January 23, 2025. It now moves to the second chamber.
Where can I track HR 692?
Track HR 692 free on One Click Politics — get push/email alerts when it moves.

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