A bill to authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency and currency manipulations are not successful.

Summary

Imposes an additional duty of 27.5 percent on Chinese goods imported into the United States unless the President submits a certification to Congress that the People's Republic of China (PRC) is no longer manipulating the rate of exchange and is complying with accepted market-based trading policies. Directs the Secretary of the Treasury to negotiate with the PRC to ensure a process that leads to a market-based system of currency valuation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 5 September 2003

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 5 September 2003

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 5 September 2003 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 5 September 2003

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 5 September 2003

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 5 September 2003

  Open at official source

Sponsors

• Charles Schumer · D · Sponsor
• Rep. Bunning, Jim [R-KY-4] · R · Sponsor
• Sen. Dole, Elizabeth [R-NC] · R · Sponsor
• Richard Durbin · D · Sponsor
• Sen. Graham, Lindsey [R-SC] · R · Sponsor
• Sen. Bayh, Evan [D-IN] · D · Sponsor
• Sen. Dayton, Mark [D-MN] · D · Cosponsor
• Sen. Enzi, Michael B. [R-WY] · R · Cosponsor
• Sen. Clinton, Hillary Rodham [D-NY] · D · Cosponsor
• Sen. Stabenow, Debbie [D-MI] · D · Cosponsor
• Sen. Specter, Arlen [R-PA] · R · Cosponsor
• Sen. Kohl, Herb [D-WI] · D · Cosponsor
• Sen. Levin, Carl [D-MI] · D · Cosponsor
• Rep. Dodd, Christopher J. [D-CT-2] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → To authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency and currency manipulation are not successful.