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 · Feb 20, 2007 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.
- IntroducedFeb 12, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Imposes an additional duty rate of 27.5 % ad valorem on any article imported into the United States that is the growth, product, or manufacture of the People's Republic of China (PRC) unless the President certifies to Congress that: (1) the PRC is no longer manipulating the exchange rate between its currency and the U.S. dollar in order to prevent an effective balance of payments and gain an unfair international trade advantage; and (2) the PRC's currency is valued in accordance with accepted market-based trading policies.
Directs the Secretary of the Treasury to begin negotiations with the PRC for adoption of a market-based currency valuation.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Feb 12, 2007 to Mar 23, 2007; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NC | Sue Wilkins Myrick | Original | Feb 12, 2007 |
| R-IN | Dan Burton | Mar 23, 2007 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Feb 12, 2007 |
| Trade Subcommittee | Referred Feb 20, 2007 |
Actions 3
Everything that happened, newest first.
- Feb 20, 2007Referred to the Subcommittee on Trade.
- Feb 12, 2007Introduced in House
- Feb 12, 2007Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| RL34106 | U.S. Clothing and Textile Trade with China and the World: Trends Since the End of Quotas Archived | Report | Jul 10, 2007 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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.
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
Text 1
Each version as it was printed, newest first.
- Feb 12, 2007Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
