Senate may consider China currency bill next week
Posted by scapozzola on 09/13/2011
There are reports that the Senate may soon be voting on a currency manipulation bill, according to Sen. Harry Reid (D-NV).
National Journal reports [subscription required]:
Reid also said the Senate would vote on a separate bill to authorize tariffs on Chinese imports to retaliate against the undervalued Chinese yuan.
A Democratic leadership aide said Reid has not yet decided which of two competing China currency bill to bring up. Reid must decide between a version sponsored by Sen. Sherrod Brown, D-Ohio, which passed the House last year, or a separate measure, pushed by Sen. Charles Schumer, D-N.Y., and others. The senators’ staffs are discussing whether they can merge the bills, the aide said."
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Which bill is better for Main Street?
I'd like to contact my Senator (Dick Durbin D-IL) about supporting a particular bill, but which one is better for domestic manufacturers?