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S 3036119th CongressIn Committee
Chinese Communist Party SDR Exchange Prohibition Act of 2025
Introduced: Oct 23, 2025
Sponsor: Sen. Scott, Rick [R-FL] (R-Florida)
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Chinese Communist Party SDR Exchange Prohibition Act prohibits the U.S. Treasury from engaging in transactions involving IMF Special Drawing Rights held by the Chinese Communist Party, with waiver authority for national interest.
Key Points
- 1Prohibits Treasury transactions involving CCP-held Special Drawing Rights
- 2Requires advocacy for other IMF member countries to prohibit similar transactions
- 3Directs U.S. Executive Director at IMF to oppose SDR allocations to CCP
- 4Includes presidential waiver authority for national interest
- 5Contains 5-year termination provision
- 6Applies specifically to SDRs held by Chinese Communist Party
Impact Areas
U.S. Department of the TreasuryInternational Monetary FundU.S.-China financial relationsSpecial Drawing Rights marketPresidential national security authority
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