Bills · S 3036
IN COMMITTEE· 119TH CONGRESS
Senate BillS 3036International Affairs
Chinese Communist Party SDR Exchange Prohibition Act of 2025
INTRO OCT 23· LAST ACTION OCT 23
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LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
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Passed House
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Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it represents an effort by the U.S. to exert financial pressure on the Chinese Communist Party and potentially limit its ability to use a specific international financial asset. Special Drawing Rights are a form of international reserve currency that can be exchanged for major global currencies, providing countries with liquidity. By blocking these exchanges and advocating for other countries to do the same, the U.S. aims to restrict the CCP's access to these funds through a specific channel.
If this bill becomes law, it would signal a more aggressive stance in U.S. financial policy towards China, potentially creating diplomatic friction and affecting international financial cooperation. It could also set a precedent for how the U.S. interacts with international financial institutions regarding countries it views as adversaries. If it doesn't pass, the U.S. Treasury would continue to be able to facilitate such exchanges, and the U.S. would not be formally directed to advocate against SDR exchanges or allocations for the CCP.
KEY PROVISIONS
5AI-extractedPROVISION 01
The U.S. Treasury cannot engage in transactions to exchange Special Drawing Rights held by the Chinese Communist Party.
This directly restricts a financial avenue for the Chinese Communist Party to convert its international assets.
PROVISION 02
The U.S. Treasury Secretary must urge other countries with easily exchangeable currencies to also ban SDR exchanges with the Chinese Communist Party.
This aims to create a broader international restriction on the Chinese Communist Party's access to these funds.
PROVISION 03
The U.S. representative at the International Monetary Fund must oppose any future distributions of Special Drawing Rights to the Chinese Communist Party.
This prevents the Chinese Communist Party from acquiring more of these international financial assets.
PROVISION 04
The President can waive these prohibitions if it's in the U.S. national interest, provided Congress is informed.
This provides flexibility for the executive branch to respond to changing national security or diplomatic needs.
PROVISION 05
The prohibitions will automatically end five years after the bill becomes law, or earlier if the President deems it in the national interest.
This ensures the policy is not permanent without re-evaluation and allows for adjustments based on future circumstances.
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BILL INFO
TypeSenate Bill
NumberS 3036
Congress119th
StatusIn Committee
IntroducedOct 23, 2025
Last actionOct 23, 2025
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IN COMMITTEE· 119TH CONGRESS · FOREIGN RELATIONS COMMITTEE · INTRODUCED OCT 23, 2025
Senate BillS 3036International Affairs
Chinese Communist Party SDR Exchange Prohibition Act of 2025
INTRODUCED OCT 23, 2025· LAST ACTION OCT 23, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
0
COMPLEXITY
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