WASHINGTON (Reuters) - The Senate is unlikely to vote on legislation to pressure China to raise the value of its currency until after the November 2 congressional elections, a Democratic senator said on Tuesday.
Senator Sherrod Brown told reporters he saw strong bipartisan support for currency legislation the House of Representatives is to vote on this week. However, it is unlikely the Senate will vote on the bill before lawmakers recess in coming days to go home to campaign, he said.
Many members of Congress believe China deliberately undervalues its currency by as much as 25 percent to 40 percent to give its companies an unfair price advantage.
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