Bill · S. 3036· Senate(119-S-3036)
Chinese Communist Party SDR Exchange Prohibition Act of 2025
- Introduced
- 10/23/2025
- Last activity
- 10/23/2025 — Read twice and referred to the Committee on Foreign Relations.
- Sponsored by
- Rick Scott
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill is known as the Chinese Communist Party SDR Exchange Prohibition Act of 2025. It stops the Secretary of the Treasury from taking part in transactions that exchange Special Drawing Rights held by the Chinese Communist Party and issued by the International Monetary Fund. The bill also requires the Secretary to push other member countries with freely usable currencies to do the same. Additionally, it directs the United States Executive Director at the International Monetary Fund to vote against giving Special Drawing Rights allocations to the Chinese Communist Party. The President is allowed to waive these rules if it is determined to be in the national interest of the United States. Finally, the rules in this section will end after five years or when the President reports to Congress that ending them is in the national interest.
Who it would affect, and how
Potential Positive Impacts for People
- Section 2(b)(2) requires the United States Executive Director of the International Monetary Fund to use the voice and vote of the United States to oppose any allocation of Special Drawing Rights to the Chinese Communist Party, which could be seen as positive for individuals wanting to limit the influence of the Chinese Communist Party in international financial bodies.
Potential Negative Impacts for People
- Based on the provided text, there are no explicitly stated negative consequences, burdens, sections, or provisions identified that would harm individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
No significant interests or groups are affected by this bill.
- 10/23/2025
- Read twice and referred to the Committee on Foreign Relations.
- Introduced in Senate