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HOUSE 510118th CongressReferred to the House Committee on Foreign Affairs.

Expressing the sense of the House of Representatives that the Parthenon Marbles should be returned to Greece.

Last Action
6/14/2023

Actions

  • 2024-09-10Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
  • 2024-09-09Motion to reconsider laid on the table Agreed to without objection.
  • 2024-09-09On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5041)
  • 2024-09-09Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5041)
  • 2024-09-09DEBATE - The House proceeded with forty minutes of debate on H.R. 510.
  • 2024-09-09Considered under suspension of the rules. (consideration: CR H5041-5042)
  • 2024-09-09Mrs. Kim (CA) moved to suspend the rules and pass the bill, as amended.
  • 2023-12-01Placed on the Union Calendar, Calendar No. 238.
  • 2023-12-01Reported (Amended) by the Committee on Financial Services. H. Rept. 118-294.
  • 2023-12-01Reported (Amended) by the Committee on Financial Services. H. Rept. 118-294.
  • 2023-02-28Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
  • 2023-02-28Committee Consideration and Mark-up Session Held.
  • 2023-01-25Referred to the House Committee on Financial Services.
  • 2023-01-25Introduced in House
  • 2023-01-25Introduced in House

CRS Summary

As of 2023-12-01 (07)

Chinese Currency Accountability Act of 2023

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 (currently, a set of five currencies, each with different weightings) 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 certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that China is in compliance with certain standards and international agreements, including that (1) China is in compliance with all general obligations of members of the IMF, and (2) China has not been found to have manipulated its currency in the preceding 12 months.

Cosponsors (2)

  • Michael Lawler (R-NY)
  • Susie Lee (D-NV)

Subjects

  • Asia
  • China
  • Congressional oversight
  • Currency
  • International monetary system and foreign exchange
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.