[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3036 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 3036

To prohibit the Secretary of the Treasury from engaging in transactions 
    involving the exchange of Special Drawing Rights issued by the 
  International Monetary Fund that are held by the Chinese Communist 
                                 Party.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 23, 2025

  Mr. Scott of Florida introduced the following bill; which was read 
        twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
To prohibit the Secretary of the Treasury from engaging in transactions 
    involving the exchange of Special Drawing Rights issued by the 
  International Monetary Fund that are held by the Chinese Communist 
                                 Party.

    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 ``Chinese Communist Party SDR Exchange 
Prohibition Act of 2025''.

SEC. 2. PROHIBITION ON EXCHANGE OF SPECIAL DRAWING RIGHTS HELD BY 
              CHINESE COMMUNIST PARTY.

    (a) In General.--The Secretary of the Treasury may not engage in 
any transaction involving the exchange of Special Drawing Rights issued 
by the International Monetary Fund and held by the Chinese Communist 
Party.
    (b) Advocacy.--The Secretary shall--
            (1) vigorously advocate that the government of each member 
        country of the International Monetary Fund, to the extent that 
        the member country issues a freely usable currency, prohibit 
        transactions involving the exchange of Special Drawing Rights 
        held by the Chinese Communist Party; and
            (2) direct the United States Executive Director of the 
        International Monetary Fund to use the voice and vote of the 
        United States to oppose any allocation of Special Drawing 
        Rights to the Chinese Communist Party.
    (c) Waiver.--The President may waive the application of this 
section if the President--
            (1) determines that a waiver is in the national interest of 
        the United States; and
            (2) submits to Congress a notice of and justification for 
        such waiver.
    (d) Termination.--This section shall terminate on the earlier of--
            (1) the date that is 5 years after the date of the 
        enactment of this Act; and
            (2) the date on which the President determines and reports 
        to Congress that termination of this section is in the national 
        interest of the United States.
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