H.R.3866: Chinese Currency Accountability Act of 2021

About This Bill

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Bill Summary

Chinese Currency Accountability Act of 2021 This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies used to determine the value of Special Drawing Rights. Special Drawing Rights are a currency support tool available to members of the International Monetary Fund (IMF). Specifically, the Department of the Treasury must instruct...

(Source: Library of Congress)

Bill Actions

Date Description
June 14, 2021
Referred to the House Committee on Financial Services.
June 14, 2021

Introduced in the House by Warren Davidson (R-Ohio)

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