Nickel-Backed Bill To Hold China Accountable Passes House

WASHINGTON, DC – On Friday, Congressman Wiley Nickel’s (NC-13) bill to hold China accountable passed on the floor of the House of Representatives with overwhelming bipartisan support.

The bill, which previously passed through the House Financial Services Committee with Nickel as co-lead, requires the US Executive Director of the International Monetary Fund (IMF) to use America’s voice and vote to advocate for increased transparency and enhanced surveillance of China’s exchange rate policies.

“The China Exchange Rate Transparency Act will help to ensure that the Chinese Communist Party isn’t playing by its own set of rules to the detriment of US manufacturers,” said Congressman Wiley Nickel. “Businesses in North Carolina deserve a fair shot to compete in international markets, and transparency with China’s exchange rate is a critical part of that effort.”

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