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Proposed Amendment: Increasing Transparency in China's Currency Exchange

Original title: Text of Senate Amendment 6112

Record date · June 24, 2026

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What This Bill Does

Senate Amendment 6112 directs the U.S. Treasury to use its influence at the International Monetary Fund (IMF) to push for greater transparency regarding China's currency exchange practices. The proposal also requires the Treasury to submit annual reports to Congress on these efforts and China's compliance with international standards.

Why it matters

This amendment would mandate that the U.S. government formally pressure the IMF to monitor and report on China's currency market interventions and its use of Hong Kong's financial system, potentially impacting international trade and monetary policy oversight.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Department of the Treasury

The agency is mandated to perform advocacy at the IMF and submit annual reports to Congress.

Directly affected

People's Republic of China

The country is the subject of proposed increased international surveillance and transparency requirements regarding its currency policies.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What does this amendment require the U.S. to do at the IMF?

It requires the U.S. to use its voice and vote to push for more transparency from China regarding its currency exchange rates and to monitor China's compliance with international monetary standards.

How long would these requirements last?

The requirements expire either 7 years after the bill is enacted or 30 days after the U.S. Governor of the IMF reports that China is in substantial compliance with international exchange rate obligations, whichever comes first.

What else do you want to know?

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

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Connected Entities

International Monetary Fund, Mr. McCormick, Department of the Treasury and 2 more

OrganizationInternational Monetary Fund“The international financial institution where the U.S. would be directed to advo”Map →

PersonMr. McCormick“U.S. Senator who submitted the amendment.”Map →

OrganizationDepartment of the Treasury“The agency tasked with carrying out the advocacy and reporting requirements.”Map →

PersonCortez Masto“U.S. Senator who co-sponsored the amendment.”Map →

OrganizationPeople's Republic of China“The subject of the proposed transparency requirements.”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance65
How much this matters to a regular citizen
Controversy50
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level

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