s 58391 1244692800 false 1244692800 1254 192 111 300087

6/11/2009--Introduced.<br/>Currency Exchange Rate Oversight Reform Act of 2009 - 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. 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. 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. 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. Requires the Secretary, before the United States approves a proposed change in the governance arrangement of any international financial institution, to determine whether any member of the international financial institution that would benefit from the proposed change, in the form of increased voting shares or representation, has a currency designated for priority action. Requires U.S. opposition to the proposed change if the Secretary renders an affirmative determination. Amends the Tariff Act of 1930, for purposes of an antidumping investigation or review, 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. 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. Establishes the Advisory Committee on International Exchange Rate Policy. Repeals the Exchange Rates and International Economic Policy Coordination Act of 1988.<br/>

1244692800 2009-06-11 Sat Sep 19 02:53:27 -0500 2009 introduced 58391 'act':6 '2009':8 'rate':3 'reform':5 'currenc':1 'exchang':2 'oversight':4 74735 false short introduced 58391 'bill':2 'action':11 'provid':4 'purpos':19 'requir':10 'correct':13 'currenc':9 'identif':6 'misalign':8,15 74538 false official action 58391 1244692800 Thu Jun 11 00:00:00 -0500 2009 199010 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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 20298 Democrat 202-224-6542 Jewish NY Chuck Charles Schumer 2.24468085106383 http://schumer.senate.gov/ senatorschumer B000944 1952-11-09 713 Hart Senate Office Building http://brown.senate.gov/contact/ 202-228-6321 Sherrod 'd':4 'oh':5 'sen':1 'brown':3,7,9 'sherrod':2,6,8 M 400050 Brown Sherrod_Brown Sen. Sherrod Brown [D, OH] N00003535 13200 Democrat 202-224-2315 Lutheran OH Sherrod Brown 3.57575757575758 http://brown.senate.gov/ SherrodBrownOhio 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 11079 Republican 202-224-5972 Southern Baptist SC Lindsey Graham 2.83116883116883 http://lgraham.senate.gov/public/ 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 9948 Democrat 202-224-6472 Presbyterian WV Jay John Rockefeller 1.04411764705882 http://rockefeller.senate.gov/ action 58391 1244692800 Thu Jun 11 00:00:00 -0500 2009 199010 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. introduced 58391 1244692800 Thu Jun 11 00:00:00 -0500 2009 199009