U.S. Congress - S.2813 China Currency Manipulation Act of 2008
S.2813 - China Currency Manipulation Act of 2008
A bill to require the Secretary of the Treasury to take action with respect to currency manipulation by the People's Republic of China, and for other purposes. view all titles (2)
All Bill Titles
- Short: China Currency Manipulation Act of 2008 as introduced.
- Official: A bill to require the Secretary of the Treasury to take action with respect to currency manipulation by the People's Republic of China, and for other purposes. as introduced.
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Official Summary
4/3/2008--Introduced.China Currency Manipulation Act of 2008 - Directs the Secretary of the Treasury to: (1) make an affirmative determination that the People's Republic of China (PRC) is manipulating the rate of exchange between its currency and the U.S. dollar; (2) establish and repOfficial Summary
4/3/2008--Introduced.China Currency Manipulation Act of 2008 - Directs the Secretary of the Treasury to:
(1) make an affirmative determination that the People's Republic of China (PRC) is manipulating the rate of exchange between its currency and the U.S. dollar;
(2) establish and report to Congress on a plan of action to remedy such currency manipulation;
(3) initiate expeditiously bilateral negotiations with the PRC to ensure that it regularly adjusts the rate of exchange between its currency and the U.S. dollar in order to permit effective balance of payment adjustments and eliminate unfair competitive advantage in trade; and
(4) instruct the Executive Director to the International Monetary Fund (IMF) to use the U.S. vote to ensure that the PRC takes such action to achieve such goals.
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Recent Blog Coverage
S.2813: Investors Rights and Corporate ... - OpenCongress
S.2813 - Investors Rights and Corporate Accountability Act of 2009. A bill to increase corporate responsibility, and for other purposes. view all titles (2). Close. All Bill Titles. Official: A bill to ...
China's Undervalued Currency Benefits Americans
[1] China Currency Manipulation Act of 2008, S. 2813. [2] Peter Cohn, "Clinton, Obama Both Throw Weight Behind Chinese Currency Legislation," May 2, 2008. [3] Event flyer, "China's Currency Misalignment & Congressionally Mandated Tra
Nelson Mullins | Newsletters
S.2813 would require the Treasury Department to find that China is manipulating its currency and establish a plan to address the issue (25 ITR 525; 4/10/08). Sanctions. U.S.:. S.970 (Iran Counter Proliferation Act of 2007) would expand ...
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