Bills · HR 8290
REPORTED· 119TH CONGRESS
House BillHR 8290International Affairs
Exchange Rate Accountability Act of 2026
This bill requires the United States to vote against giving more influence in the International Monetary Fund to any major world power that hides financial data or manipulates its currency to cheat at international trade.AI-written
INTRO APR 15· LAST ACTION APR 21
PASSAGE CHANCESLONG SHOT
10%
READING
3MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Reported, not passed
tl;dr
AI-writtenBlocks major economies from gaining more power in the International Monetary Fund if the U.S. Treasury determines they are manipulating their currency to gain an unfair trade advantage.
LEGISLATIVE PROGRESS
STEP 3 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenWhen a foreign country intentionally lowers the value of its currency, its products become cheaper for the rest of the world to buy, while American-made products become more expensive for people in that country. This is often called currency manipulation, and it can lead to U.S. factory closures and job losses. Because the U.S. holds the most power in the IMF, it can effectively block changes to how the organization is run.
If this bill becomes law, the U.S. would be forced to use its 'veto' power as a bargaining chip to demand better behavior from global economic rivals. Without this law, the U.S. government has more flexibility to approve power shifts in the IMF for diplomatic reasons, even if the country receiving more power is not following fair trade rules.
KEY PROVISIONS
5AI-extractedPROVISION 01
Requires a Treasury Department report 7 days before any major IMF quota vote.
This ensures Congress and the public have a formal record of whether a major economy is following global trade rules before they are rewarded with more power.
PROVISION 02
Mandates a 'No' vote against quota increases for countries that fail transparency or currency tests.
It removes the Treasury Department's choice and forces a hardline stance against countries that gain unfair trade advantages.
PROVISION 03
Sets specific criteria for 'fair' behavior, including publishing credible trade data and avoiding currency management for trade advantages.
It creates a clear legal standard for what counts as 'cheating' in the global financial system.
PROVISION 04
Allows a Presidential waiver for 'national interest' reasons.
This provides a safety valve so the U.S. can still support an ally or handle a global crisis even if the strict rules aren't met.
PROVISION 05
Includes a 7-year expiration date (sunset) for the entire law.
This forces Congress to revisit the issue in the future to see if the policy is actually working or if the global economy has changed.
SPONSORSHIP
1 + 0
R· Texas
YRS IN OFFICE
29
BILLS LED
21
ACTION TIMELINE
4 EVENTSAPR 21
Committee Consideration and Mark-up Session Held
APR 21
Ordered to be Reported by the Yeas and Nays: 32 - 20.
APR 15
Introduced in House
APR 15
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 8290
Congress119th
StatusReported
IntroducedApr 15, 2026
Last actionApr 21, 2026
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REPORTED· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED APR 15, 2026
House BillHR 8290International Affairs
Exchange Rate Accountability Act of 2026
This bill requires the United States to vote against giving more influence in the International Monetary Fund to any major world power that hides financial data or manipulates its currency to cheat at international trade.AI-written
INTRODUCED APR 15, 2026· LAST ACTION APR 21, 2026
PASSAGE CHANCES
10%
READING
3 min
COSPONSORS
0
COMPLEXITY
Moderate
