S. 2146 would require the U.S. Executive Director of the International Monetary Fund to advocate for enhanced transparency and surveillance of the People’s Republic of China’s exchange rate arrangements. The bill also would require the Secretary of the Treasury to report annually to the Congress on the Executive Director’s actions under the bill and the extent to which the People’s Republic of China is complying with the Articles of Agreement of the International Monetary Fund.
On the basis of information about the costs of similar reports and diplomatic efforts to influence the actions of other nations and international organizations, CBO estimates that implementing S. 2146 would cost less than $500,000 over the 2026-2030 period. Such spending would be subject to the availability of appropriated funds.
The CBO staff contact for this estimate is David Rafferty. The estimate was reviewed by Christina Hawley Anthony, Deputy Director of Budget Analysis.
