U.S. Congress - S.1677 Promoting Market Access for Financial Services Act
S.1677 - Promoting Market Access for Financial Services Act
A bill to amend the Exchange Rates and International Economic Coordination Act of 1988 and for other purposes. view all titles (3)
All Bill Titles
- Short: Promoting Market Access for Financial Services Act as introduced.
- Short: Currency Reform and Financial Markets Access Act of 2007 as introduced.
- Official: A bill to amend the Exchange Rates and International Economic Coordination Act of 1988 and for other purposes. as introduced.
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Official Summary
6/21/2007--Introduced.Currency Reform and Financial Markets Access Act of 2007 - Amends the Exchange Rates and International Economic Policy Coordination Act of 1988 to revise U.S. policy provisions by urging: (1) the United States, and other major industrialized countries, to work togetheOfficial Summary
6/21/2007--Introduced.Currency Reform and Financial Markets Access Act of 2007 - Amends the Exchange Rates and International Economic Policy Coordination Act of 1988 to revise U.S. policy provisions by urging:
(1) the United States, and other major industrialized countries, to work together to ensure that the exchange rate of the currencies of major trading nations and the U.S. dollar reflect market forces and contribute to the growth and balance of the international economy; and
(2) the United States to take appropriate action to ensure that U.S. trading partners are not engaged in hidden or unfair subsidies through management of their currency or international exchange rates. Revises a certain annual analysis the Secretary of the Treasury (Secretary) must make with respect to the exchange rate policies of foreign countries to include an analysis of whether any country, regardless of intent, manipulates the exchange rate between its currency and the U.S. dollar in a manner that results in an accumulation of substantial dollar currency reserves. Requires the Secretary, if the Secretary makes specified findings, to make an affirmative determination that a country is manipulating its currency and to take the following actions, including:
(1) establishing a plan to remedy the currency manipulation; and
(2) initiating bilateral negotiations with such country, and instructing the Executive Director to the International Monetary Fund to use the U.S. vote, in order to ensure that such country adjusts the exchange rate between its currency and the U.S. dollar to permit balance of payment adjustments and to eliminate the unfair competitive advantage. Provides procedures for a joint resolution of congressional disapproval when Congress disapproves of the Secretary's findings concerning currency manipulation. Promoting Market Access for Financial Services Act - Amends the Financial Reports Act of 1988 to require:
(1) the Secretary to report annually (under current law, every four years) to Congress beginning July 1, 2008, on the treatment of U.S. financial institutions by foreign countries; and
(2) such report to include a summary of the results of the most recent U.S.-China Strategic Economic Dialogue (SED) and how such results pertain to promoting foreign market access for U.S. financial institutions.
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Recent News Coverage
New Propoganda from The Club for Growth (in China)
The Currency Reform and Financial Markets Act of 2007 (S. 1677) was approved by the Senate Banking committee on a bipartisan 17 - 4 vote on August 1. ...
Calling China's Bluff
The Currency Reform and Financial Markets Act of 2007 (S. 1677) was approved by the committee on a bipartisan 17-4 vote on August 1. ...
R-CALF Cattle Update: Currency Manipulation In International Trade
"S.1677 will expand the anti-dumping remedy contained within a bill first approved by the Senate Finance Committee, and it includes countervailing duties ...
Recent Blog Coverage
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This Week in Congress: The Markup - Blog - OpenCongress
Max Baucus [D, MT] will take his health care bill to the full Senate Finance Committee this week to begin the actual process of debating and voting. This week's committee markup is the Senate's best chan... ... Suspensions (13 Bills). S. 1677 - Def
S.1677: Defense Production Act Reauthorization of 2009 - U.S. ...
Manufacturing Technology Producers Urge Enactment of Defense ... Woods urged swift enactment of S. 1677. “Let's hope the bill is signed by President Obama quickly," he says. “That will be a real sign that the Congress and . .... OpenCo
News : Schottland - Erfolge konsequenter Nichtraucherschutz-Politik
89, Nr. 39, S. 1677] In Scotland, the number of admissions for acute coronary syndrome decreased after the implementation of smoke-free legislation. Source : Smoke-free Legislation and Hospitalizations for Acute Coronary Syndrome, NEJM, ...
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