The full meaning of the midterms will be debated for a long time. But one thing is clear: Voters want Democrats and Republicans to work together to create jobs for Americans.

One way we can do that is to pass legislation that cracks down on Chinese currency manipulation. Democratic and Republican senators joined in March to introduce the Currency Exchange Rate Oversight Reform Act. A similar measure passed the House in September with strong bipartisan support, 348-79.

Before Congress adjourns, the Senate needs to act on this issue.

In America, we know how to make things. Our nation’s history of innovation gave the world the airplane, stronger steel and energy-efficient automobiles. Our manufacturers and workers can compete with any in the world. But when countries like China manipulate their currencies, that’s not competing. It’s cheating.

Over the years, Beijing’s exchange rate policy has undervalued the yuan, allowing Chinese exports to sell at artificially low prices. Leading economists estimate that the yuan is undervalued by as much as 40 percent. The U.S. trade deficit with China reached $227 billion last year, a 170 percent increase since 2000.

To read the rest of the article, please click the source link above.