,,ib ,union ,calendar ,no4 #faa #aaith  
,,congress  #b;d ,session  ,h4 ,r4 #hbij
 ,report ,no4 #aai-gjc ,,in ,,the       
,,house ,,of ,,representatives  ,april  
#ae1 #bjbf,mr4 ,sessions introduced the 
following bill2 which was referred to   
the ,committee on ,financial ,services  
,june #ah1 #bjbf,reported with          
amendments1 committed to the ,committee 
of the ,whole ,house on the ,state of   
the ,union1 and ordered to be           
printed,strike out all after the        
enacting clause and insert the part     
printed in italic,for text of introduced
 bill1 see copy of bill as introduced on
 ,april #ae1 #bjbf  ,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 ,china ,exchange ,rate              
,accountability ,act of #bjbf4  #b4     

,opposition to ,international ,monetary 
,fund voting power increase for the     
,people's ,republic of ,china ,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 
,international ,monetary ,fund voting   
power increase for the ,people's        
,republic of ,china  7a7 ,in general    
,not less than #g days before           
consideration of any proposal to        
increase the voting power of the        
,people's ,republic of ,china1 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 ,people's  
,republic of ,china meets the following 

criteria3 7#a7 ,the ,people's ,republic 
of ,china1 in the preceding #ab months1 
does not appear to have been in         
violation of its obligations under      
,article ,,viii of the ,articles of     
,agreement of the ,fund1 based on       
publicly available data4  7#b7 ,the     
,people's ,republic of ,china-- 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     
,people's ,republic of ,china1 in the   
preceding #ab months1 has recorded a    
current account surplus1 the ,people's  
,republic of ,china 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 the ,people's         
,republic of ,china 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 voting power of the        
,people's ,republic of ,china in the    
,fund4  7c7 ,waiver ,the ,president may 
waive subsection 7b7 with respect to the
 ,people's ,republic of ,china 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 voting    
power of the ,people's ,republic of     
,china 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 
section4  4  ,amend the title so as to  
read3 ,a bill providing for             
circumstances requiring the use of the  
voice and vote of the ,united ,states to
 oppose any increase in voting the      
,people's ,republic of ,china at the    
,international ,monetary ,fund1 and for 
other purposes44 ,june #ah1             
#bjbf,reported with amendments1         
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed