H.R.839 — China Exchange Rate Transparency Act of 2023
House Roll Call
H.R.839
| Bill | H.R.839 — China Exchange Rate Transparency Act of 2023 |
|---|---|
| Vote question | On Motion to Suspend the Rules and Pass, as Amended |
| Vote type | 2/3 Yea-And-Nay |
| Result | Passed |
| Totals | Yea 379 / Nay 1 / Present 0 / Not Voting 52 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 196 | 1 | 0 | 22 |
| D | 183 | 0 | 0 | 30 |
| I | 0 | 0 | 0 | 0 |
Research Brief
On Motion to Suspend the Rules and Pass, as Amended
Bill Analysis
Bill Summary: HR 839 - China Exchange Rate Transparency Act of 2023
The China Exchange Rate Transparency Act of 2023 aims to enhance the transparency of China’s currency exchange rate practices and address concerns regarding currency manipulation. The bill mandates the U.S. Department of the Treasury to conduct a comprehensive analysis of the Chinese renminbi’s exchange rate policies and their impact on U.S. trade and investment.
Key Provisions:
- The Treasury Department is required to report annually on China’s currency practices, including an assessment of whether the renminbi is undervalued and the implications for U.S. economic interests.
- The bill establishes criteria for determining if China is manipulating its currency to gain unfair trade advantages, which could lead to potential trade remedies.
- It calls for increased collaboration with international partners to address currency manipulation and promote fair exchange rate practices globally.
Funding and Authorities: While the bill does not specify direct funding allocations, it empowers the Treasury Department to utilize existing resources to conduct the mandated analyses and reporting. The bill also encourages the use of diplomatic channels to engage with China on currency issues.
Affected Programs/Agencies: The primary agency affected by this legislation is the U.S. Department of the Treasury. The bill may also influence the Office of the U.S. Trade Representative and other economic agencies involved in trade policy and international relations.
Beneficiaries and Regulation: The bill primarily benefits U.S. businesses and workers by promoting fair trade practices and reducing the competitive disadvantage posed by currency manipulation. It aims to protect American jobs and industries that are adversely affected by unfair currency practices.
Key Timelines: The bill was introduced in the House of Representatives and has been received in the Senate, where it has been read twice and referred to the Committee on Foreign Relations for further consideration. The timeline for further action remains to be determined as it progresses through the legislative process.
Yea (379)
C
Colin Allred
K
Kelly Armstrong
D
Dan Bishop
J
Jamaal Bowman
L
Larry Bucshon
M
Michael Burgess
C
Cori Bush
K
Ken Calvert
Y
Yadira Caraveo
J
Jerry Carl
M
Matt Cartwright
L
Lori Chavez-DeRemer
G
Gerald Connolly
J
Jason Crow
A
Anthony D'Esposito
J
John Duarte
J
Jeff Duncan
A
Anna Eshoo
A
A. Ferguson
S
Scott Franklin
M
Matt Gaetz
R
Ruben Gallego
J
John Garamendi
M
Mike Garcia
B
Bob Good
G
Garret Graves
M
Mark Green
R
Raúl Grijalva
B
Brian Higgins
J
Jeff Jackson
S
Sheila Jackson Lee
B
Bill Johnson
D
Daniel Kildee
D
Derek Kilmer
D
Doug Lamborn
J
Jake LaTurner
B
Barbara Lee
D
Debbie Lesko
K
Kathy Manning
L
Lucy McBath
L
Lisa McClain
P
Patrick McHenry
M
Marcus Molinaro
A
Alexander Mooney
G
Grace Napolitano
W
Wiley Nickel
B
Bill Pascrell
D
Donald Payne
M
Mary Peltola
G
Greg Pence
K
Katie Porter
B
Bill Posey
C
Cathy Rodgers
M
Matthew Rosendale
C
C. Ruppersberger
J
John Rutherford
J
John Sarbanes
D
David Schweikert
P
Pete Sessions
A
Abigail Spanberger
M
Michelle Steel
R
Rashida Tlaib
N
Nydia Velázquez
M
Michael Waltz
D
Debbie Wasserman Schultz
B
Brad Wenstrup
S
Susan Wild
B
Brandon Williams
Nay (1)
Not Voting (52)
E
Earl Blumenauer
K
Ken Buck
T
Tony Cárdenas
L
Lloyd Doggett
M
Mike Gallagher
K
Kay Granger
A
Ann Kuster
B
Blaine Luetkemeyer
D
Dean Phillips
E
Eric Swalwell
D
David Trone
J
Jennifer Wexton
