U.S. Congress - H.R.782 Fair Currency Act of 2007
H.R.782 - Fair Currency Act of 2007
To amend title VII of the Tariff Act of 1930 to provide that exchange-rate misalignment by any foreign nation is a countervailable export subsidy, to amend the Exchange Rates and International Economic Policy Coordination Act of 1988 to clarify the definition of manipulation with respect to currency, and for other purposes. view all titles (2)
All Bill Titles
- Official: To amend title VII of the Tariff Act of 1930 to provide that exchange-rate misalignment by any foreign nation is a countervailable export subsidy, to amend the Exchange Rates and International Economic Policy Coordination Act of 1988 to clarify the definition of manipulation with respect to currency, and for other purposes. as introduced.
- Short: Fair Currency Act of 2007 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 2
- Past Seven Days: 9
- All-Time: 844
|
|
|
|
|
|
|
|
Official Summary
1/31/2007--Introduced.Fair Currency Act of 2007 - Amends the Tariff Act of 1930 to expand the authority of the administering authority or the International Trade Commission (ITC) to impose countervailing duties on products from a nonmarket economy country that have been provided a countervOfficial Summary
1/31/2007--Introduced.Fair Currency Act of 2007 - Amends the Tariff Act of 1930 to expand the authority of the administering authority or the International Trade Commission (ITC) to impose countervailing duties on products from a nonmarket economy country that have been provided a countervailable subsidy. Includes exchange-rate misalignment (undervaluation of a foreign currency) by a country as a countervailable subsidy. Requires the administering authority to use methodologies that measure certain benchmarks outside of a nonmarket economy country where exchange-rate misalignment exists when measuring the benefit of a countervailable subsidy bestowed on a product by such country in a countervailing duty proceeding. Amends the Trade Act of 1974 to include exchange-rate misalignment by the People's Republic of China as a condition in determining market disruption to the domestic producers of a like or directly competitive product from products imported from China. Prohibits the Department of Defense (DOD) from procuring defense articles imported from China if such articles are competitive with domestic industry articles critical to the defense industrial base of the United States. Applies provisions of this Act to goods from Canada and Mexico. Amends the Exchange Rates and International Economic Policy Coordination Act of 1988 to direct the Secretary of the Treasury to consider in the annual analysis of foreign exchange rate policies whether countries have a currency that is in fundamental misalignment, and if so, to initiate bilateral corrective negotiations. Directs the Secretary, prior to U.S. approval of a change in an international financial institution's governance, to determine whether a member who would benefit from such change has a currency that is manipulated or in fundamental misalignment, and if so, oppose such change. Amends the Tariff Act of 1930 to require the administering authority, in determining whether a country is a nonmarket economy country, to consider whether such country's manipulation or fundamental misalignment of its currency adversely affects the U.S. economy.
...Read the Rest
Recent News Coverage
Support Grows for Legislation to Address Currency Manipulation by ...
One bill aimed at addressing the issue ( HR 782 ) has 119 cosponsors and strong bipartisan support. It would designate currency manipulation â a practice ...
China Currency Coalition Welcomes Introduction of Dodd-Shelby Bill ...
... and its counterpart in the House, the Ryan-Hunter bill, HR 782. These bills recognize that undervalued exchange-rate misalignment by China or any other ...
AFL-CIO Secretary-Treasurer Richard Trumka on the Release of the ...
Congress must also act quickly to pass the Fair Currency Act of 2007 (HR 782), which would stop countries like China from gaining an unfair advantage by ...
Recent Blog Coverage
View All (61)
|
View Top Rated
H.R.782: State Health Care Flexibility Act of 2011 - U.S. Congress ...
Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build pub
How Many New Obama Administration-Created American Jobs Will it ...
A Finance bill ( S 1607 --related bills: HR 2942 , HR 782 , S. 796 ) aims to toughen the Treasury Departmentâs investigations of questionable foreign currency practices. It would require officials to examine âfundamentally misaligned ...
Winter (Economic & Market) Watch » Chalk Board on Wildcat Finance
Taking a cue from Federal Reserve Chairman Ben Bernankeâs mid-December 2006 speech in China, Congress seems willing to support the Hunter-Ryan bill (H.R. 782), which argues that an undervalued RMB qualifies as a subsidy that is grounds ...
Vote on This Bill
-
Share This Bill
More Share via Email
