Exchange Rate Accountability Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8290 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8290 To require the use of the voice and vote of the United States to oppose any quota increase at the International Monetary Fund for member countries that employ certain exchange rate practices, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 15, 2026 Mr. Sessions introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To require the use of the voice and vote of the United States to oppose any quota increase at the International Monetary Fund for member countries that employ certain exchange rate practices, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Exchange Rate Accountability Act of 2026''. SEC. 2. OPPOSITION TO IMF QUOTA INCREASE FOR COUNTRIES THAT UNDERMINE THE BALANCED GROWTH OF INTERNATIONAL TRADE. The Bretton Woods Agreements Act (22 U.S.C. 286-286aaa) is amended-- (1) by redesignating the 2nd section 73 (as added by section 1901 of division P of Public Law 116-94) as section 74; and (2) by adding at the end the following: ``SEC. 75. OPPOSITION TO QUOTA INCREASE FOR COUNTRIES THAT UNDERMINE THE BALANCED GROWTH OF INTERNATIONAL TRADE. ``(a) In General.--Not less than 7 days before consideration of any proposal to increase the quota of a foreign member of the Fund that is one of the 10 largest shareholders in the Fund, the Secretary of the Treasury shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that sets forth a determination by the Secretary as to whether the foreign