Congress·Reported·H.R. 8290

Exchange Rate Accountability Act of 2026

IMF: Blocking Power Increases for Currency Manipulators

China Exchange Rate Accountability Act of 2026

3 months ago·View on Congress.gov·Read full text

The Exchange Rate Accountability Act of 2026 is currently in the early stages of the legislative process. It was recently introduced and sent to the House Committee on Financial Services for review. There are no upcoming votes scheduled at this time.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

While trade fairness is a popular topic, specific bills targeting international organizations often struggle to pass unless they are part of a much larger funding package.

Key Points

This bill targets the world's largest economies that participate in the International Monetary Fund. It requires the U.S. to vote against giving more power or money to countries that manipulate their currency to get an unfair advantage in global trade.
Before any of the 10 largest members get a boost in their influence, the Treasury Department must check their records. They will look for hidden exchange rate policies or unreliable financial data from the previous year.
If a country is found to be cheating on trade or hiding its data, the U.S. must formally oppose their request for more influence. This aims to protect American workers from foreign competitors who artificially lower their prices.
The President has the power to ignore these rules if they decide it is very important for U.S. national interests. If this happens, the President must give Congress a detailed explanation for the decision.
This policy would stay in effect for seven years. It is designed to ensure that international financial organizations do not reward countries that fail to follow fair trade and transparency rules.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

3 milestones6 actions

Jun 18, 2026House

Placed on the Union Calendar, Calendar No. 611.

The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.

Jun 18, 2026House

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-703.

Apr 21, 2026House

Ordered to be Reported by the Yeas and Nays: 32 - 20.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Apr 21, 2026House

Committee Consideration and Mark-up Session Held

Apr 15, 2026House

Referred to the House Committee on Financial Services.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Source Information

Document Type

Congressional Bill

Official Title

China Exchange Rate Accountability Act of 2026

Bill NumberHR 8290

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 611.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Analysis generated by AI. Always verify with official sources.