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7/31/2007--Reported to Senate amended. Currency Exchange Rate Oversight Reform Act of 2007 - (Sec. 3) Directs the Secretary of the Treasury to: (1) report biannually to Congress on international monetary policy and currency exchange rates; and (2) appear, if requested, before certain congressional committees to testify regarding such reports.<br/>Prescribes report contents, including: (1) an analysis of currency market developments and the relationship between the U.S. dollar and the currencies of major economies and trading partners of the United States; (2) a review of the economic and monetary policies of major economies and trading partners of the United States and an evaluation of how such policies impact currency exchange rates; and (3) a list of currencies designated as fundamentally misaligned currencies. (Sec. 4) Instructs the Secretary to: (1) analyze semiannually the prevailing real effective exchange rates of foreign currencies; (2) determine whether any such currency is in fundamental misalignment; and (3) designate it for priority action if the issuing country engages in specified behavior, including excessive and prolonged official or quasi-official accumulation of foreign assets for balance of payments purposes, and excessive reserve accumulation of foreign assets. (Sec. 5) Prescribes procedures for: (1) negotiations and consultations; and (2) actions in response to failure, including persistent failure, to adopt appropriate policies, or take identifiable action to eliminate the fundamental misalignment. (Sec. 8) Provides for a joint resolution of congressional disapproval of any determination by the President to waive an action, on the ground that it is in the vital U.S. economic interest to do so, with respect to a country which has persistently failed to adopt appropriate policies to eliminate a fundamental currency misalignment. (Sec. 9) Requires the United States to oppose any proposed change in the governance arrangement of an international financial institution if any of its members would benefit from the proposed change, in the form of increased voting shares or representation, despite having a currency designated for priority action under this Act. (Sec. 10) Amends the Tariff Act of 1930 to require an adjustment in the price used to establish export (and constructed export) prices, in the case of a fundamentally misaligned currency designated for priority action, by reducing such price by the percentage by which the domestic currency of the producer or exporter is undervalued in relation to the U.S. dollar. (Sec. 11) Adds as a factor the administering authority must take into account in determining whether a foreign country is a nonmarket economy country the question of whether its currency is designated for priority action under this Act. (Sec. 12) Applies to Canada and Mexico the requirements of this Act pertaining to: (1) adjustments in export prices for a fundamentally misaligned currency designated for priority action; and (2) determination of nonmarket economy status. (Sec. 13) Establishes the Advisory Committee on International Exchange Rate Policy.<br/>(Sec. 14) Repeals the Exchange Rates and International Economic Policy Coordination Act of 1988.<br/>

1197608400 2007-12-14 Fri Nov 07 15:42:44 -0600 2008 introduced 44546 'act':6 '2007':8 'rate':3 'reform':5 'currenc':1 'exchang':2 'oversight':4 49039 short introduced 44546 'bill':2 'action':11 'provid':4 'purpos':19 'requir':10 'correct':13 'currenc':9 'identif':6 'misalign':8,15 47604 official reported to senate 44546 'act':6 '2007':8 'rate':3 'reform':5 'currenc':1 'exchang':2 'oversight':4 53109 false short action 44546 1197608400 Fri Dec 14 00:00:00 -0600 2007 139795 By Senator Baucus from Committee on Finance filed written report. Report No. 110-248. B000243 1941-12-11 511 Hart Senate Office Building http://baucus.senate.gov/contact/emailForm.cfm?subj=issue 202-224-0515 Max 'd':4 'mt':5 'max':2,6,8 'sen':1 'baucus':3,7,9 M 300005 Baucus Max_Baucus S. Sen. Max Baucus [D, MT] N00004643 14121 Democrat 202-224-2651 United Church of Christ MT Max Baucus 1.92156862745098 http://baucus.senate.gov B000444 1942-11-20 Joseph 'd':4 'de':5 'sen':1 'biden':3,7,9 'joseph':2,6,8 M 300008 Biden Joseph_Biden R. Sen. Joseph Biden [D, DE] N00001669 9818 Democrat Roman Catholic DE Joseph Biden 3.0 C000286 1943-11-10 416 Russell Senate Office Building http://chambliss.senate.gov/public/index.cfm?p=Email 202-224-0103 Saxby 'r':4 'ga':5 'sen':1 'saxbi':2,6,8 'chambliss':3,7,9 M 300021 Chambliss Saxby_Chambliss Sen. Saxby Chambliss [R, GA] N00002685 12823 Republican 202-224-3521 Episcopalian GA Saxby Chambliss 4.10344827586207 http://chambliss.senate.gov/public/index.cfm C001041 1947-10-26 Hillary 'd':4 'ny':5 'sen':1 'clinton':3,7,9 'hillari':2,6,8 F 300022 Clinton Hillary_Clinton Rodham Sen. Hillary Clinton [D, NY] N00000019 25155 Democrat Methodist NY Hillary Clinton 3.33846153846154 C000567 1937-12-07 113 Dirksen Senate Office Building http://cochran.senate.gov/email.html 202-224-9450 Thad 'r':4 'ms':5 'sen':1 'thad':2,6,8 'cochran':3,7,9 M 300023 Cochran Thad_Cochran Sen. Thad Cochran [R, MS] N00003328 8853 Republican 202-224-5054 Baptist MS Thad Cochran 2.89473684210526 http://cochran.senate.gov G000359 1955-07-09 290 Russell Senate Office Building http://lgraham.senate.gov/public/index.cfm?FuseAction=Contact.EmailSenatorGraham 202-224-3808 Lindsey 'r':4 'sc':5 'sen':1 'graham':3,7,9 'lindsey':2,6,8 M 300047 Graham Lindsey_Graham O. Sen. Lindsey Graham [R, SC] N00009975 11063 Republican 202-224-5972 Southern Baptist SC Lindsey Graham 2.86842105263158 http://lgraham.senate.gov/public/ G000386 1933-09-17 135 Hart Senate Office Building http://grassley.senate.gov/contact.cfm 202-224-6020 Charles 'r':4 'ia':5 'sen':1 'charl':2,6,9 'chuck':8 'grassley':3,7,10 M 300048 Grassley Chuck_Grassley E. Sen. Charles Grassley [R, IA] Chuck N00001758 11732 Republican 202-224-3744 Baptist IA Chuck Charles Grassley 3.96551724137931 http://grassley.senate.gov SenChuckGrassley H000338 1934-03-22 104 Hart Senate Office Building http://hatch.senate.gov/public/index.cfm?FuseAction=Offices.Contact 202-224-6331 Orrin 'r':4 'ut':5 'sen':1 'hatch':3,7,9 'orrin':2,6,8 M 300052 Hatch Orrin_Hatch G. Sen. Orrin Hatch [R, UT] N00009869 9131 Republican 202-224-5251 Latter Day Saints UT Orrin Hatch 2.77083333333333 http://hatch.senate.gov/public/ I000055 1944-12-28 120 Russell Senate Office Building http://isakson.senate.gov/contact.cfm 202-228-0724 John 'r':4 'ga':5 'sen':1 'john':2,6,9 'johnni':8 'isakson':3,7,10 M 400194 Isakson Johnny_Isakson H. Sen. John Isakson [R, GA] Johnny N00002593 10024 Republican 202-224-3643 Methodist GA Johnny John Isakson 3.86111111111111 http://isakson.senate.gov K000148 1943-12-11 218 Russell Senate Office Building http://kerry.senate.gov/contact/email.cfm 202-224-8525 John 'd':4 'ma':5 'sen':1 'john':2,6,8 'kerri':3,7,9 M 300060 Kerry John_Kerry Forbes Sen. John Kerry [D, MA] N00000245 13981 Democrat 202-224-2742 Roman Catholic MA John Kerry 2.64 http://kerry.senate.gov/ O000167 1961-08-04 Barack 'obama':2,4,6 'barack':1,3,5 M 400629 Obama Barack_Obama Barack Obama N00009638 54311 Democrat United Church of Christ Barack Obama 3.72651356993737 R000361 1937-06-18 531 Hart Senate Office Building http://rockefeller.senate.gov/contact/email.cfm 202-224-7665 John 'd':4 'wv':5 'jay':8 'sen':1 'john':2,6,9 'rockefel':3,7,10 M 300084 Rockefeller John_Rockefeller D. Sen. John Rockefeller [D, WV] Jay N00001685 9933 Democrat 202-224-6472 Presbyterian WV Jay John Rockefeller 1.04411764705882 http://rockefeller.senate.gov/ S001163 1955-03-02 Ken 'd':4 'co':5 'ken':2,6,8 'sen':1 'salazar':3,7,9 M 400619 Salazar Ken_Salazar Sen. Ken Salazar [D, CO] N00026892 7424 Democrat CO Ken Salazar 2.33333333333333 SenatorSalazar S000148 1950-11-23 313 Hart Senate Office Building http://schumer.senate.gov/new_website/contact.cfm 202-228-3027 Charles 'd':4 'ny':5 'sen':1 'charl':2,6,8 'schumer':3,7,9 M 300087 Schumer Charles_Schumer E. Sen. Charles Schumer [D, NY] N00001093 20265 Democrat 202-224-6542 Jewish NY Chuck Charles Schumer 2.24468085106383 http://schumer.senate.gov/ senatorschumer action 44546 1197608400 Fri Dec 14 00:00:00 -0600 2007 139795 By Senator Baucus from Committee on Finance filed written report. Report No. 110-248. action 44546 1185854400 Tue Jul 31 00:00:00 -0500 2007 126031 Committee on Finance. Reported by Senator Baucus with an amendment in the nature of a substitute. Without written report. calendar 44546 1185854400 Tue Jul 31 00:00:00 -0500 2007 126032 Placed on Senate Legislative Calendar under General Orders. Calendar No. 293. action 44546 1185422400 Thu Jul 26 00:00:00 -0500 2007 143467 Committee on Finance. Date of scheduled consideration. SD-215. 3:00 p.m. calendar 44546 1185422400 Thu Jul 26 00:00:00 -0500 2007 177700 Committee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably. action 44546 1185422400 Thu Jul 26 00:00:00 -0500 2007 124135 Committee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably. action 44546 1181707200 Wed Jun 13 00:00:00 -0500 2007 118186 Read twice and referred to the Committee on Finance. introduced 44546 1181707200 Wed Jun 13 00:00:00 -0500 2007 118185