With 218 cosponsors, when will the House vote on its own currency bill?
When will the House vote on its own currency bill?
Statement from Alliance for American Manufacturing (AAM) Executive Director Scott Paul:
“Last night, the U.S. Senate voted 79-19 in favor of moving forward on S.1619, the Currency Exchange Rate Oversight Act of 2011. The bill would provide recourse for U.S. manufacturers adversely affected by China’s ongoing currency manipulation.
“In addition to strong bipartisan support in the Senate, a majority of the House of Representatives have signed on as cosponsors of similar legislation, H.R. 639, the Currency Reform for Fair Trade Act, introduced by Reps. Sander Levin (D-MI), Tim Murphy (R-PA), and Tim Ryan (D-OH).
“With 218 cosponsors, H.R.639 enjoys stunningly broad bipartisan support. Not only did 99 Republican Members vote for the same bill last year, but more than 60 have cosponsored it this year.
“We are committed to working with the House leadership and the bill’s sponsors to secure a vote. This legislation is urgently needed to provide a more level playing field for America’s manufacturers and their workers. It should pass overwhelmingly in the House and there is no reason to delay when so many U.S. jobs are at stake.”