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S. 295 · 109th Congress

A bill to authorize appropriate action if the negotiations with the People's Republic of China regarding…

Full title

A bill to authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency are not successful.

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

13 cosponsors · 8 D, 5 R

12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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.

What it does: CRS summary · Introduced in Senate · Feb 3, 2005

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: A bill to authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency are not successful.

Latest action (Feb 3, 2005): Read twice and referred to the Committee on Finance.

Policy area: Foreign Trade and International Finance · Origin: Senate · Introduced: Feb 3, 2005

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.