Neutralizing Unfair Chinese Export Subsidies Act of 2025

The Neutralizing Unfair Chinese Export Subsidies Act of 2025 seeks to intensify US-led pressure on China to comply with OECD export credit standards. It directs the Treasury Department, in partnership with the United States Trade Representative, to develop a Strategy and Timeline within 180 days for strengthening international advocacy and cooperation with allies to push China toward substantial compliance with the OECD Arrangement on Officially Supported Export Credits, aiming toward the broader goal of eliminating unfair export subsidies within a 10-year horizon. The bill also makes procedural changes to the Export-Import Bank Reauthorization Act of 2012 to reflect this goal and to require more frequent international negotiations. In addition, it revises how the United States evaluates and responds to alleged Chinese currency manipulation, granting the Treasury broader discretion to proceed with determinations and tying IMF quota considerations to an upcoming one-year hold on increasing China’s IMF quota, during which the US IMF Governor would oppose quota increases. In short, the bill elevates an allied, multi-lateral approach to curb China’s export subsidies, revises reporting and negotiation timelines, and strengthens the U.S. stance on exchange-rate issues and IMF governance as leverage in these efforts.