Alliance for American Manufacturing (AAM) Statement: Senate Cloture vote on China Currency Bill
This morning, the U.S. Senate voted to end debate on S.1619, the Currency Exchange Rate Oversight Act of 2011, and move to a final vote. S.1619 would provide recourse for U.S. manufacturers adversely affected by China’s ongoing currency manipulation.
Said Alliance for American Manufacturing (AAM) Executive Director Scott Paul:
“This is a major victory for American workers and manufacturers, and represents a new direction for our trade policy with China.
“Today’s cloture vote sends a clear message that the U.S. Senate intends to hold China accountable for its deliberate currency undervaluation.
“We congratulate the large, bipartisan team of Senators that have steadfastly pushed for China currency legislation. This bill will have a positive, lasting effect on American job creation, economic growth, and our manufacturing sector, at no cost to taxpayers.
“As the Senate moves to a final vote, we hope the White House and House Republicans are paying clear attention. Voters are demanding action to defend American jobs and to create a level playing field for U.S. businesses. There is absolutely no excuse for further delay.”