U.S. Congress - H.R.2378 Currency Reform for Fair Trade Act
H.R.2378 - Currency Reform for Fair Trade Act
To amend title VII of the Tariff Act of 1930 to clarify that fundamental exchange-rate misalignment by any foreign nation is actionable under United States countervailing and antidumping duty laws, and for other purposes. view all titles (5)
All Bill Titles
- Short: Currency Reform for Fair Trade Act as introduced.
- Official: To amend title VII of the Tariff Act of 1930 to clarify that fundamental exchange-rate misalignment by any foreign nation is actionable under United States countervailing and antidumping duty laws, and for other purposes. as introduced.
- Official: To amend title VII of the Tariff Act of 1930 to clarify that countervailing duties may be imposed to address subsidies relating to a fundamentally undervalued currency of any foreign country. as amended by house.
- Short: Currency Reform for Fair Trade Act as reported to house.
- Short: Currency Reform for Fair Trade Act as passed house.
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Bill's Views
- Today: 5
- Past Seven Days: 25
- All-Time: 9,945
Committees
Latest Vote
Result: Passed - September 29, 2010
Roll call number 554 in the House
Question: On Passage: H R 2378 Currency Reform for Fair Trade Act
Required percentage of 'Aye' votes: 1/2 (50%)
Percentage of 'aye' votes:
80%
Official Summary
5/13/2009--Introduced.Currency Reform for Fair Trade Act - Amends the Tariff Act of 1930 to require the administering authority to: (1) determine, based on certain requirements, whether the exchange rate of the currency of an exporting country is fundamentally and actionably undervalued orOfficial Summary
5/13/2009--Introduced.Currency Reform for Fair Trade Act - Amends the Tariff Act of 1930 to require the administering authority to:(1) determine, based on certain requirements, whether the exchange rate of the currency of an exporting country is fundamentally and actionably undervalued or overvalued (misaligned) against the U.S. dollar for an 18-month period; and
(2) take certain actions under a countervailing duty or antidumping duty proceeding to offset such misalignment in cases of an affirmative determination. Subjects the misalignment to the U.S. dollar of the currency of nonmarket economy countries also to the countervailing and antidumping duty provisions of the Act.
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Organizations Supporting H.R.2378
- AFL-CIO
- International Association of Machinists and Aerospace Workers
- Alliance for American Manufacturing
- American Iron & Steel Institute
- Aluminum Extruders Council
- United Steelworkers
- ...and 1 more. See all.
Organizations Opposing H.R.2378
- Coalition of Service Industries
- National Cattleman's Beef Association
- National Retail Federation
- American Soybean Association
- International Dairy Foods Association
- National Council of Farmer Cooperatives
- ...and 11 more. See all.
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