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Latest Action
Oct 23, 2025
Read twice and referred to the Committee on Foreign Relations.
Actions (2)
Read twice and referred to the Committee on Foreign Relations.
Type: IntroReferral
| Source: Senate
Oct 23, 2025
Introduced in Senate
Type: IntroReferral
| Source: Library of Congress
| Code: 10000
Oct 23, 2025
Full Bill Text
Length: 2,660 characters
Version: Introduced in Senate
Version Date: Oct 23, 2025
Last Updated: Nov 14, 2025 6:05 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3036 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 3036
To prohibit the Secretary of the Treasury from engaging in transactions
involving the exchange of Special Drawing Rights issued by the
International Monetary Fund that are held by the Chinese Communist
Party.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
October 23, 2025
Mr. Scott of Florida introduced the following bill; which was read
twice and referred to the Committee on Foreign Relations
_______________________________________________________________________
A BILL
To prohibit the Secretary of the Treasury from engaging in transactions
involving the exchange of Special Drawing Rights issued by the
International Monetary Fund that are held by the Chinese Communist
Party.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[S. 3036 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 3036
To prohibit the Secretary of the Treasury from engaging in transactions
involving the exchange of Special Drawing Rights issued by the
International Monetary Fund that are held by the Chinese Communist
Party.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
October 23, 2025
Mr. Scott of Florida introduced the following bill; which was read
twice and referred to the Committee on Foreign Relations
_______________________________________________________________________
A BILL
To prohibit the Secretary of the Treasury from engaging in transactions
involving the exchange of Special Drawing Rights issued by the
International Monetary Fund that are held by the Chinese Communist
Party.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Chinese Communist Party SDR Exchange
Prohibition Act of 2025''.
SEC. 2.
CHINESE COMMUNIST PARTY.
(a) In General.--The Secretary of the Treasury may not engage in
any transaction involving the exchange of Special Drawing Rights issued
by the International Monetary Fund and held by the Chinese Communist
Party.
(b) Advocacy.--The Secretary shall--
(1) vigorously advocate that the government of each member
country of the International Monetary Fund, to the extent that
the member country issues a freely usable currency, prohibit
transactions involving the exchange of Special Drawing Rights
held by the Chinese Communist Party; and
(2) direct 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.
(c) Waiver.--The President may waive the application of this
section if the President--
(1) determines that a waiver is in the national interest of
the United States; and
(2) submits to Congress a notice of and justification for
such waiver.
(d) Termination.--This section shall terminate on the earlier of--
(1) the date that is 5 years after the date of the
enactment of this Act; and
(2) the date on which the President determines and reports
to Congress that termination of this section is in the national
interest of the United States.
<all>
(a) In General.--The Secretary of the Treasury may not engage in
any transaction involving the exchange of Special Drawing Rights issued
by the International Monetary Fund and held by the Chinese Communist
Party.
(b) Advocacy.--The Secretary shall--
(1) vigorously advocate that the government of each member
country of the International Monetary Fund, to the extent that
the member country issues a freely usable currency, prohibit
transactions involving the exchange of Special Drawing Rights
held by the Chinese Communist Party; and
(2) direct 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.
(c) Waiver.--The President may waive the application of this
section if the President--
(1) determines that a waiver is in the national interest of
the United States; and
(2) submits to Congress a notice of and justification for
such waiver.
(d) Termination.--This section shall terminate on the earlier of--
(1) the date that is 5 years after the date of the
enactment of this Act; and
(2) the date on which the President determines and reports
to Congress that termination of this section is in the national
interest of the United States.
<all>