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.

12/15/2023, 3:51 PM

Summary of Bill HRES 421

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.

Congressional Summary of HRES 421

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.

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Current Status of Bill HRES 421

Bill HRES 421 is currently in the status of Introduced to House since May 18, 2023. Bill HRES 421 was introduced during Congress 118 and was introduced to the House on May 18, 2023. Bill HRES 421's most recent activity was Sponsor introductory remarks on measure. (CR H2953-2955) as of June 15, 2023

Bipartisan Support of Bill HRES 421

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HRES 421

Primary Policy Focus

Foreign Trade and International Finance

Potential Impact Areas

ChemistryCommemorative events and holidaysCongressional tributesMinority employmentScience and engineering education

Alternate Title(s) of Bill HRES 421

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.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.

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Comments

Sponsors and Cosponsors of HRES 421

George Santos

New York(Republican)

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