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.
Latest action · Oct 27, 2003 Referred to the Subcommittee on Trade.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedOct 21, 2003
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Oct 21, 2003 to Oct 30, 2003, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-SC | John M. Spratt, Jr. | Original | Oct 21, 2003 |
| R-VA | Bob Goodlatte | Oct 30, 2003 | |
| R-ID | C. L. (Butch) Otter | Oct 30, 2003 | |
| R-SC | J. Gresham Barrett | Oct 30, 2003 |
Actions 3
Everything that happened, newest first.
- Oct 27, 2003Referred to the Subcommittee on Trade.
- Oct 21, 2003Introduced in House
- Oct 21, 2003Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1586 | 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. | Related bill | Sep 5, 2003 |
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
- Balance of payments
- China
- Congress
- Congress and foreign policy
- Congressional oversight
- Congressional reporting requirements
- Countervailing duties
- Currency devaluation
- East Asia
- Foreign exchange
- Foreign Trade and International Finance
- Government Operations and Politics
- International Affairs
- International competitiveness
- President and foreign policy
- Trade negotiations
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.