US SB2146

Secretary of the Treasury must instruct the U.S. Executive Director at the IMF to advocate for increased transparency from China regarding its exchange rate policies, including indirect foreign exchange intervention through Chinese financial institutions and state-owned enterprises

U.S. must push for IMF consultations to document any significant divergences between China's exchange rate policies and those of other Special Drawing Rights currency issuers

IMF governance reviews should consider China's performance as a responsible stakeholder in the international monetary system when evaluating its quota and voting shares

Secretary of the Treasury must submit annual reports to Congress describing actions taken and the extent of China's compliance with transparency requirements

Requirements sunset 30 days after either the U.S. IMF Governor certifies China is in substantial compliance with its exchange rate obligations, or 7 years after enactment, whichever comes first