Bipartisan Bill to Hold Currency Manipulators like China Accountable
After new figures showed a 34 percent jump over last month’s U.S.-China trade deficit, Sen. Brown will introduce the Currency Exchange Rate Oversight Reform Act of 2013, bipartisan legislation that would reform and enhance oversight of currency exchange rates. Specifically, the bill would use U.S. trade law to counter the economic harm to U.S. manufacturers caused by currency manipulation, and provide consequences for countries that fail to adopt appropriate policies to eliminate currency misalignment.
