IB 
Union Calendar No. 238 
118TH CONGRESS 
1ST SESSION 
H. R. 510 
[Report No. 118–294] 
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. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 25, 2023 
Mr. DAVIDSON introduced the following bill; which was referred to the 
Committee on Financial Services 
DECEMBER 1, 2023 
Additional sponsors: Mr. LAWLER and Ms. LEE of Nevada 
DECEMBER 1, 2023 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on January 25, 2023] 
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A BILL 
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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23:10 Dec 01, 2023
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Chinese Currency Ac-
countability Act of 2023’’. 
SEC. 2. OPPOSITION OF THE UNITED STATES TO AN IN-
CREASE IN THE WEIGHT OF THE CHINESE 
RENMINBI IN THE SPECIAL DRAWING RIGHTS 
BASKET OF THE INTERNATIONAL MONETARY 
FUND. 
The Secretary of the Treasury shall instruct the United 
States Governor of, and the United States Executive Direc-
tor at, the International Monetary Fund to use the voice 
and vote of the United States to oppose any increase in 
the weight of the Chinese renminbi in the basket of cur-
rencies used to determine the value of Special Drawing 
Rights, unless the Secretary of the Treasury has submitted 
to the Committee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Housing, and 
Urban Affairs of the Senate a written report which includes 
a certification that— 
(1) the People’s Republic of China is in compli-
ance with all its obligations under Article VIII of the 
Articles of Agreement of the Fund; 
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(2) in the preceding 12 months, there has not 
been a report submitted under section 3005 of the 
Omnibus Trade and Competitiveness Act of 1988 or 
section 701 of the Trade Facilitation and Trade En-
forcement Act of 2015 in which the People’s Republic 
of China has been found to have manipulated its cur-
rency; and 
(3) the People’s Republic of China adheres to the 
rules and principles of the Paris Club and the OECD 
Arrangement on Officially Supported Export Credits. 
SEC. 3. SUNSET. 
Section 2 shall have no force or effect beginning 10 
years after the date of the enactment of this Act. 
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Union Calendar No. 238 
118TH CONGRESS 
1ST SESSION 
H. R. 510 
[Report No. 118–294] 
A BILL 
To require the United States Governor of, and the 
United States Executive Director at, the Inter-
national 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. 
DECEMBER 1, 2023 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Sep 11 2014 
23:10 Dec 01, 2023
Jkt 049200
PO 00000
Frm 00006
Fmt 6651
Sfmt 6651
E:\BILLS\H510.RH
H510
kjohnson on DSK7ZCZBW3PROD with $$_JOB