HR 8290 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
China Exchange Rate Accountability Act of 2026
H. R. 8290 To require the use of the voice and vote of the United States to oppose any quota increase at the International Monetary Fund for member countries that employ certain exchange rate practices, and for other purposes.
Summary
- Requires the Secretary of the Treasury to report to Congress at least 7 days before any proposal to increase China's voting power at the International Monetary Fund
- The report must assess whether China meets criteria including not violating IMF obligations, maintaining transparent exchange rate policies, and not persistently managing its currency to gain unfair trade advantages
- If China fails to meet any of the criteria, the Secretary must instruct the U.S. Governor of the IMF to use U.S. voting power to oppose the increase in China's IMF voting power
- Allows the President to waive the opposition requirement by reporting to Congress that it is in the national interest and explaining the reasons
- Sunsets 7 years after the bill becomes effective
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Pete Sessions’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- BANKERS LIFE $12,400
- ELEMENTS MASSAGE $12,400
- DEASON CAPITAL SERVICES $11,900
- NULL $10,900
- HIGHLANDER PARTNERS $9,900
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Pete Sessions → · Outside spending →
Actions (6)
- Jun 18, 2026 Placed on the Union Calendar, Calendar No. 611. · house
- Jun 18, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-703. · house
- Apr 21, 2026 Ordered to be Reported by the Yeas and Nays: 32 - 20. · house
- Apr 21, 2026 Committee Consideration and Mark-up Session Held · house
- Apr 15, 2026 Referred to the House Committee on Financial Services. · house
- Apr 15, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Committee action
What happened to this bill in committee — the meetings where it was considered and every recorded vote taken on it.
Meetings where this bill was on the agenda
Full text
IN THE HOUSE OF REPRESENTATIVES
April 15, 2026
Mr. Sessions introduced the following bill; which was referred to the Committee on Financial Services
June 18, 2026
Reported with amendments, 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 April 15, 2026]
A BILL
To require the use of the voice and vote of the United States to oppose any quota increase at the International Monetary Fund for member countries that employ certain exchange rate practices, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “China Exchange Rate Accountability Act of 2026”.
SEC. 2. OPPOSITION TO INTERNATIONAL MONETARY FUND VOTING POWER INCREASE FOR THE PEOPLE’S REPUBLIC OF CHINA.
The Bretton Woods Agreements Act (22 U.S.C. 286-286aaa) is amended—
(1) by redesignating the 2nd section 73 (as added by section 1901 of division P of Public Law 116-94) as section 74; and
(2) by adding at the end the following:
“SEC. 75. OPPOSITION TO INTERNATIONAL MONETARY FUND VOTING POWER INCREASE FOR THE PEOPLE’S REPUBLIC OF CHINA.
“(a) In General.—Not less than 7 days before consideration of any proposal to increase the voting power of the People’s Republic of China, the Secretary of the Treasury shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that sets forth a determination by the Secretary as to whether the People’s Republic of China meets the following criteria:
“(1) The People’s Republic of China, in the preceding 12 months, does not appear to have been in violation of its obligations under Article VIII of the Articles of Agreement of the Fund, based on publicly available data.
“(2) The People’s Republic of China—
“(A) maintains transparent exchange rate policies and practices; and
“(B) publishes credible balance of payments data.
“(3) To the extent that the People’s Republic of China, in the preceding 12 months, has recorded a current account surplus, the People’s Republic of China has not persistently managed the rate of exchange between its currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.
“(b) Effect of Determination.—On determining that the People’s Republic of China has failed to meet any of the criteria set forth in subsection (a), the Secretary shall instruct the Governor of the Fund to use the voice and vote of the United States to oppose the proposal to increase the voting power of the People’s Republic of China in the Fund.
“(c) Waiver.—The President may waive subsection (b) with respect to the People’s Republic of China on reporting to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that the waiver is important to the national interest of the United States, with an explanation of the reasons therefor.
“(d) Proposal Consideration.—For purposes of this section, consideration of a proposal to increase the voting power of the People’s Republic of China does not include consent to an amendment to the Articles of Agreement of the Fund that has been authorized by law.
“(e) Sunset.—This section shall cease to have force or effect 7 years after the date of the enactment of this section.”. Amend the title so as to read: “A bill providing for circumstances requiring the use of the voice and vote of the United States to oppose any increase in voting the People’s Republic of China at the International Monetary Fund, and for other purposes.”. Union Calendar No. 611
119th CONGRESS
2d Session
H. R. 8290
[Report No. 119-703]
A BILL
To require the use of the voice and vote of the United States to oppose any quota increase at the International Monetary Fund for member countries that employ certain exchange rate practices, and for other purposes.
June 18, 2026
Reported with amendments, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
Comments