,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #hbij  ,,in ,,the ,,house ,,of  
,,representatives  ,april #ae1 #bjbf,mr4
 ,sessions introduced the following     
bill2 which was referred to the         
,committee on ,financial ,services  ,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 practices1 and for other  
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,exchange ,rate     
,accountability ,act of #bjbf4  #b4     
,opposition to ,,imf quota increase for 
countries that undermine the balanced   
growth of international trade ,the      
,bretton ,woods ,agreements ,act 7#bb   
,u4,s4,c4 #bhf-bhf;aaa7 is amended--    
7#a7 by redesignating the #bnd section  
#gc 7as added by section #aija of       
division ,p of ,public ,law #aaf-id7 as 
section #gd2 and  7#b7 by adding at the 
end the following3  #ge4 ,opposition to 

quota increase for countries that       
undermine the balanced growth of        
international trade  7a7 ,in general    
,not less than #g days before           
consideration of any proposal to        
increase the quota of a foreign member  
of the ,fund that is one of the #aj     
largest shareholders in the ,fund1 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 foreign    
member meets the following criteria3    
7#a7 ,the member1 in the preceding #ab  
months1 does not appear to have been in 
violation of the obligations of the     
member under ,article ,,viii of the     
,articles of ,agreement of the ,fund1   
based on publicly available data4  7#b7 
,the member-- 7,a7 maintains transparent
 exchange rate policies and practices2  
and  7,b7 publishes credible balance of 

payments data4  7#c7 ,to the extent that
 the member1 in the preceding #ab       
months1 has recorded a current account  
surplus1 the member 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  
trade4  7b7 ,effect of determination ,on
 determining that a foreign member of   
the ,fund has failed to meet any of the 
criteria set forth in subsection 7a71   
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     
quota of the member in the ,fund4  7c7  
,waiver ,the ,president may waive       
subsection 7b7 with respect to a member 
of the ,fund 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   
,states1 with an explanation of the     
reasons therefor4  7d7 ,proposal        
consideration ,for purposes of this     
section1 consideration of a proposal to 
increase the quota of a foreign member  
of the ,fund does not include consent to
 an amendment to the ,articles of       
,agreement of the ,fund that has been   
authorized by law4  7e7 ,sunset ,this   
section shall cease to have force or    
effect #g years after the date of the   
enactment of this ,act4  4