Senators Take Action to Punish Currency Manipulators

Posted by TGarland on 06/26/2014

Sen. Sherrod Brown (D-OH) and Sen. Jeff Sessions (R-AL) introduced the Currency Exchange Rate Oversight Reform Act to reform and enhance oversight of currency exchange rates. The bill would use U.S. trade law to punish countries such as China that cause economic harm to U.S. manufacturers and workers by manipulating its currency.

Said Senators Brown and Sessions:

We believe it is time to develop a comprehensive national strategy for fighting currency manipulation and leveling the playing field for American workers and businesses.…We believe our bill, the Currency Exchange Rate Oversight Reform Act, is a critical component of any national effort to address China’s currency manipulation, and we will push for a vote on it in Congress this year.

To date, 20 senators have joined Brown and Sessions.

Why? Research suggests that ending global currency manipulation could create millions of jobs in the American economy. Tell your senators to get tough on China’s currency manipulation.

Currency Exchange Rate Oversight Reform Act (S. 1114) Cosponsors

Northeast: Connecticut: Sen. Christopher S. Murphy; Maine: Sen. Susan M. Collins, Sen. Angus S. King Jr.; New York: Sen. Charles E. Schumer; Pennsylvania: Sen. Robert P. Casey Jr.; Rhode Island: Sen. Jack Reed, Sen. Sheldon Whitehouse; Vermont: Sen. Bernard Sanders.

South: Alabama: Sen. Jeff Sessions; Georgia: Sen. Saxby Chambliss; North Carolina: Sen. Richard Burr, Sen. Kay Hagan; South Carolina: Sen. Lindsey Graham; West Virginia: Sen. Joe Manchin, Sen. John D. Rockefeller.

Midwest: Indiana: Sen. Joe Donnelly; Michigan: Sen. Carl Levin, Sen. Debbie Stabenow; Ohio: Sen. Sherrod Brown; Wisconsin: Sen. Tammy Baldwin.

Related recent Blogs

@KeepitMadeinUSA on Twitter

  • ICYMI: Senate passed its version of Highway Trust Fund bill; shortened length of extension to Dec. instead of May 2015. Heads back to House. 8 hours 41 min ago
  • The Senate is now debating legislation to reauthorize the Highway Trust Fund (well, until May 2015). Watch on @cspan: 12 hours 33 min ago
  • RT @SteveRattner: Amazing shift in US jobs -- gone from making things to taking care of sick people 13 hours 29 min ago
  • We must be close to election season. Candidates are talking a big game about unfair trade on the campaign trail: 15 hours 54 min ago
  • Looks like @amazon is getting into the 3D printing business. 17 hours 17 min ago
  • RT @WisconsinOven: MT @KeepitMadeinUSA @ScottPaulAAM shares ideas in @HuffingtonPost on how to restore American manufacturing leadership:ht… 18 hours 2 min ago
  • BTW, ALL the machines at that Indianapolis Adidas plant helped produce LeBron jerseys. Plus more in Iowa & Cleveland. 18 hours 2 min ago
  • !!! RT @darrenrovell The LeBron jersey assembly line at Adidas facility in Indianapolis 18 hours 4 min ago
  • Wisconsin companies are going on a national tour to promote American manufacturing: 18 hours 52 min ago
  • This --> @USAToday examines the myth of the STEM workers shortage. 1 day 13 hours ago