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Chinese Communist Party SDR Exchange Prohibition Act of 2025
To prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Chinese Communist Party.
Summary
This bill prohibits the Secretary of the Treasury from engaging in transactions involving Special Drawing Rights (SDRs) issued by the International Monetary Fund that are held by the Chinese Communist Party. The bill requires the Treasury Secretary to advocate that other International Monetary Fund member countries also prohibit such transactions and directs the U.S. Executive Director at the IMF to oppose any new SDR allocations to the Chinese Communist Party. The President may waive this prohibition if determined to be in the national interest, with notice and justification provided to Congress. The restrictions terminate after five years or earlier if the President determines termination is in the national interest.
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)
- Sen. Scott, Rick [R-FL] (R-FL)
Actions (2)
- Oct 23, 2025 Read twice and referred to the Committee on Foreign Relations. · senate
- Oct 23, 2025 Introduced in Senate
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.
Full text
IN THE SENATE OF THE UNITED STATES
October 23, 2025
Mr. Scott of Florida introduced the following bill; which was read twice and referred to the Committee on Foreign Relations
A BILL
To prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Chinese Communist Party.
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 “Chinese Communist Party SDR Exchange Prohibition Act of 2025”.
SEC. 2. PROHIBITION ON EXCHANGE OF SPECIAL DRAWING RIGHTS HELD BY CHINESE COMMUNIST PARTY.
(a) In General.—The Secretary of the Treasury may not engage in any transaction involving the exchange of Special Drawing Rights issued by the International Monetary Fund and held by the Chinese Communist Party.
(b) Advocacy.—The Secretary shall—
(1) vigorously advocate that the government of each member country of the International Monetary Fund, to the extent that the member country issues a freely usable currency, prohibit transactions involving the exchange of Special Drawing Rights held by the Chinese Communist Party; and
(2) direct the United States Executive Director of the International Monetary Fund to use the voice and vote of the United States to oppose any allocation of Special Drawing Rights to the Chinese Communist Party.
(c) Waiver.—The President may waive the application of this section if the President—
(1) determines that a waiver is in the national interest of the United States; and
(2) submits to Congress a notice of and justification for such waiver.
(d) Termination.—This section shall terminate on the earlier of—
(1) the date that is 5 years after the date of the enactment of this Act; and
(2) the date on which the President determines and reports to Congress that termination of this section is in the national interest of the United States. <all>
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