A resolution recognizing the contributions of the Charles B. Rangel Graduate Fellowship Program, the Thomas R. Pickering Foreign Affairs Graduate Fellowship Program, the William D. Clarke, Sr. Diplomatic Security Fellowship, and the Donald M. Payne International Development Graduate Fellowship Program in advancing the national security and the development and diplomacy efforts of the United States.
Chinese Currency Accountability Act of 2025This bill requires the United States to oppose, absent specified conditions, any increase in the weight of Chinese currency (i.e., the renminbi) in the basket of currencies (currently, a set of five currencies, each with different weightings) used to determine the value of Special Drawing Rights. Special Drawing Rights are international reserve assets created by the International Monetary Fund (IMF) to supplement member countries' official foreign exchange reserves.Specifically, the Department of the Treasury must instruct certain U.S. officials at the IMF to oppose any such increase unless Treasury has certified that China is in compliance with certain standards and international agreements, including that (1) China is in compliance with all general obligations of members of the IMF, (2) China has not been found to have manipulated its currency in the preceding 12 months, and (3) China adheres to the rules and principles of the Paris Club and the Organisation for Economic Co-operation and Development (OECD) Arrangement on Officially Supported Export Credits.
Dismantle Iran’s Proxy Act of 2025This bill requires the President to take actions against Ansarallah, the Iran-backed movement in Yemen also known as the Houthis.Specifically, the bill requires the President to designate Ansarallah as a foreign terrorist organization. (Among other things, such a designation allows the Department of the Treasury to require U.S. financial institutions to block transactions involving the organization.) The President must also (1) impose property blocking sanctions on Ansarallah and any foreign person who is an official, agent, or affiliate of the organization; (2) submit to Congress a determination as to whether three specified individuals are officials, agents, or affiliates of Ansarallah; and (3) submit to Congress a strategy to degrade the offensive capabilities of Ansarallah and to restore freedom of navigation in the Red Sea and nearby waterways.