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H.R.2378 Currency Reform for Fair Trade Act, 111th Congress

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Official Bill Info

  • Latest Action: Sep 29, 2010 Motion to reconsider laid on the table Agreed to without objection.

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    I know the most recent action for this bill is as follows: "Motion to reconsider laid on the table Agreed to without objection." on Sep 29, 2010
  • Committee Assignment: House Committee on Ways and Means

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    This bill has been assigned to the House Committee on Ways and Means committee.
  • Committee Assignment: Senate Committee on Finance

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    This bill has been assigned to the Senate Committee on Finance committee.
  • This bill's most-recent vote occurred on September 29, 2010, with a roll call of 348 ayes, 79 nays, and 6 not voting.

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    This bill's most-recent vote occurred on September 29, 2010, with a roll call of 348 ayes, 79 nays, and 6 not voting.

Bill Statistics on OpenCongress

  • 64% of users support H.R.2378

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    64% of users on OpenCongress.org, a free, non-partisan resource, support H.R.2378.
  • H.R.2378 has been viewed 11,329 times

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    H.R.2378 has been viewed 11,329 times on OpenCongress.org, a free, non-partisan resource.
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    Supporting Organizations

    • Alliance for American Manufacturing

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      I know that the organization Alliance for American Manufacturing supports H.R.2378
    • AFL-CIO

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      I know that the organization AFL-CIO supports H.R.2378
    • International Association of Machinists and Aerospace Workers

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      I know that the organization International Association of Machinists and Aerospace Workers supports H.R.2378
    • American Iron & Steel Institute

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      I know that the organization American Iron & Steel Institute supports H.R.2378
    • Aluminum Extruders Council

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      I know that the organization Aluminum Extruders Council supports H.R.2378
    • United Steelworkers

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      I know that the organization United Steelworkers supports H.R.2378

    Opposing Organizations

    • Coalition of Service Industries

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      I know that the organization Coalition of Service Industries opposes H.R.2378
    • National Cattleman's Beef Association

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      I know that the organization National Cattleman's Beef Association opposes H.R.2378
    • National Retail Federation

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      I know that the organization National Retail Federation opposes H.R.2378
    • American Soybean Association

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      I know that the organization American Soybean Association opposes H.R.2378
    • International Dairy Foods Association

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      I know that the organization International Dairy Foods Association opposes H.R.2378
    • National Council of Farmer Cooperatives

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      I know that the organization National Council of Farmer Cooperatives opposes H.R.2378
    • National Fisheries Institute

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      I know that the organization National Fisheries Institute opposes H.R.2378
    • US Chamber of Commerce

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      I know that the organization US Chamber of Commerce opposes H.R.2378
    • TechAmerica

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      I know that the organization TechAmerica opposes H.R.2378
    • American Apparel & Footwear Association

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      I know that the organization American Apparel & Footwear Association opposes H.R.2378
    • Securities Industry & Financial Markets Association

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      I know that the organization Securities Industry & Financial Markets Association opposes H.R.2378
    • USA Poultry & Egg Export Council

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      I know that the organization USA Poultry & Egg Export Council opposes H.R.2378
    • Sporting Goods Manufacturers Association

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      I know that the organization Sporting Goods Manufacturers Association opposes H.R.2378
    • Pacific Coast Council of Customs Brokers & Freight Forwarders

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      I know that the organization Pacific Coast Council of Customs Brokers & Freight Forwarders opposes H.R.2378
    • American Meat Institute

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      I know that the organization American Meat Institute opposes H.R.2378
    • Financial Services Roundtable

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      I know that the organization Financial Services Roundtable opposes H.R.2378

    Most-commented sections of the bill text

    Highest Rated User Comments

    • On September 29, 2010, by nyconcepts - Why are we blaming another countries soveriegn right to flucuate their currencey as they see fit.What we need to do is effect regulation to reduce business costs, overhead, taxes and union benefits to make our country more competitve in the global market. Only 1% of U.S. companies export goods and services. Why not expend our efforts to support and educate businesses on selling beyond our borders. Quit creating protectionist measures that will have the effect of a trade war with the hastest growing economy in the world! The bill "would create a very damaging thing to the world economy and the stability of Asia," Nobel-Prize winning economist Robert Mundell told Bloomberg Television. "This would have a wounding effect on the stability of international relations. There's never been any precedent in economic history where a country through any legal system was forced to appreciate its currency relative to another country." http://moneymorning.com/2010/09/29/house-currency-bill/

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      As noted by nyconcepts, a user on OpenCongress.org, on September 29, 2010, "Why are we blaming another countries soveriegn right to flucuate their currencey as they see fit.What we need to do is effect regulation to reduce business costs, overhead, taxes and union benefits to make our country more competitve in the global market. Only 1% of U.S. companies export goods and services. Why not expend our efforts to support and educate businesses on selling beyond our borders. Quit creating protectionist measures that will have the effect of a trade war with the hastest growing economy in the world! The bill "would create a very damaging thing to the world economy and the stability of Asia," Nobel-Prize winning economist Robert Mundell told Bloomberg Television. "This would have a wounding effect on the stability of international relations. There's never been any precedent in economic history where a country through any legal system was forced to appreciate its currency relative to another country." http://moneymorning.com/2010/09/29/house-currency-bill/ "
    • On September 28, 2009, by jnuznoff - This well meaning legislation will no doubt have 'unintended consequences' such as retaliation by those countries affected by the tariffs imposed. The net result is lower economic activity and higher consumer prices. Let's aim for a more productive American economy via lower corporate taxes and less government interference!

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      As noted by jnuznoff, a user on OpenCongress.org, on September 28, 2009, "This well meaning legislation will no doubt have 'unintended consequences' such as retaliation by those countries affected by the tariffs imposed. The net result is lower economic activity and higher consumer prices. Let's aim for a more productive American economy via lower corporate taxes and less government interference!"

    Highly Rated Blog Articles

    • Conservative But NOT Religious: Some Presidential Candidates Could ... - September 24, 2011 by Mia Holl - Both voted Nay on the Currency Reform for Fair Trade Act (H.R. 2378) 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 and to ..

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      As noted by Mia Holl on September 24, 2011, "Both voted Nay on the Currency Reform for Fair Trade Act (H.R. 2378) 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 and to .." (http://conservativebutnotreligious.blogspot.com/2011/09/some-presidential-candidates-could-be.html)
    • Trade War with China? - December 22, 2010 by The Harriton Banner - This piece of legislation has become known as HR 2378. Representatives Ryan and Murphy have justified its development because “[w]ith an estimated 2.4 million American jobs lost to China in the past decade because of Beijing's currency ...

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      As noted by The Harriton Banner on December 22, 2010, "This piece of legislation has become known as HR 2378. Representatives Ryan and Murphy have justified its development because “[w]ith an estimated 2.4 million American jobs lost to China in the past decade because of Beijing's currency ..." (http://www.hhsbanner.com/news/2010/12/23/trade-war-with-china/)
    • CPA Salutes Congressmen Ryan and Murphy – Trade Reform - December 20, 2010 by Trade Reform - “Congressman Tim Murphy worked hard to explain the HR 2378 to his Republican colleagues and convinced a majority to vote for the bill.” said Dave Frengel, chair of the Pennsylvania Chapter of CPA. “Congressman Tim Ryan was the original ...

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      As noted by Trade Reform on December 20, 2010, "“Congressman Tim Murphy worked hard to explain the HR 2378 to his Republican colleagues and convinced a majority to vote for the bill.” said Dave Frengel, chair of the Pennsylvania Chapter of CPA. “Congressman Tim Ryan was the original ..." (http://www.tradereform.org/2010/12/cpa-salutes-congressmen-ryan-and-murphy/)

    Highly Rated News Articles

    • Economist Says China's Yuan Policy Based on its Own Needs - September 27, 2010 by Caixin Online - ...of the yuan, but a low savings rate and high spending. On September 24, the Means and Ways Committee of the U.S. House passed H.R.2378, Currency Reform for Fair Trade in a verbal vote, allowing the Ministry of Commerce to adopt subsidies for exports to

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      As noted by Caixin Online on September 27, 2010, "...of the yuan, but a low savings rate and high spending. On September 24, the Means and Ways Committee of the U.S. House passed H.R.2378, Currency Reform for Fair Trade in a verbal vote, allowing the Ministry of Commerce to adopt subsidies for exports to" (http://english.caing.com/2010-09-28/100185056.html)
    • - May 13, 2009 by The Journal of Commerce Online - A bipartisan group of 40 members of Congress -- 23 Democrats and 17 Republicans -- have sponsored the House bill, HR 2378. Sherrod Brown (D-OH) and Olympia ...

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      As noted by The Journal of Commerce Online on May 13, 2009, "A bipartisan group of 40 members of Congress -- 23 Democrats and 17 Republicans -- have sponsored the House bill, HR 2378. Sherrod Brown (D-OH) and Olympia ..." (http://www.straitstimes.com/Breaking%2BNews/Money/Story/STIStory_376593.html)
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