China Exchange Rate Transparency Act of 2025

HR 692, the China Exchange Rate Transparency Act of 2025, requires the U.S. Treasury Secretary to direct the U.S. representative at the International Monetary Fund (IMF) to advocate for greater transparency from China regarding its exchange rate policies. Specifically, it mandates advocating for China to disclose more details about its currency management, including how its policies align with other major economies used in the IMF’s currency basket. The law expires 30 days after China meets specific transparency standards (as reported by the U.S. IMF representative) or 7 years after enactment, whichever comes first. This bill directly affects China’s engagement with the IMF and the U.S. Treasury’s role in international financial oversight.