Expressing the sense of the House of Representatives that the Chinese Communist Party should be held accountable for present day efforts of knowingly and intentionally manipulating their currency.

This resolution condemns the Chinese Communist Party (CCP) for knowingly and intentionally manipulating its currency. The resolution also (1) supports the actions by former Treasury Secretary Steven Mnuchin to engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China in 2019, and (2) calls on the Biden administration to take similar action to hold the CCP accountable for their present-day efforts to manipulate their currency.

Bill 118 HRES 421, titled "Expressing the sense of the House of Representatives that the Chinese Communist Party should be held accountable for present day efforts of knowingly and intentionally manipulating their currency," is a resolution introduced in the US Congress. The resolution aims to address concerns about the Chinese Communist Party's alleged manipulation of their currency for economic gain.

The resolution highlights the importance of holding the Chinese Communist Party accountable for their actions and emphasizes the need for transparency and fairness in international trade. It calls on the US government to take action to address the issue of currency manipulation by the Chinese Communist Party and to work with international partners to ensure a level playing field for all countries.

The resolution does not propose any specific policy changes or actions, but rather expresses the sentiment of the House of Representatives on the issue of currency manipulation by the Chinese Communist Party. It is intended to raise awareness about the issue and encourage further discussion and action on the matter. Overall, Bill 118 HRES 421 is a non-binding resolution that seeks to draw attention to the issue of currency manipulation by the Chinese Communist Party and advocate for accountability and fairness in international trade.