Sen. Sherrod Brown (D-OH) renews call to pass bipartisan bill to combat Chinese Currency Manipulation
In the wake of this week’s shocking trade deficit figures, Sen. Sherrod Brown renewed his call for swift passage of the Currency Reform for Fair Trade Act of 2011. The bill would impose reasonable penalties to level the playing field when our trading partners manipulate their currency. From Sen. Brown’s press release:
“While we debate the budget deficit, too many Washington politicians are ignoring the trade deficit – and its dangerous effects on American jobs,” Brown said. “The best way to get our fiscal house in order is to get Americans working again – and that means cracking down on practices like Chinese currency manipulation, which hurts Ohio manufacturing and American job creation efforts. By combating currency manipulation, we can help level the playing field for American manufacturers and speed up our economic recovery.”
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