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S 1586 108th Congress Senate

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.

Introduced: September 5, 2003 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Foreign Trade and International Finance Balance of paymentsChinaCongressCongress and foreign policy
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Congressional oversightCongressional reporting requirementsCountervailing dutiesCurrency devaluationEast AsiaForeign exchangeGovernment Operations and PoliticsInternational AffairsInternational competitivenessPresident and foreign policyTrade negotiations
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 5, 2003
Read twice and referred to the Committee on Finance.
Sep 5, 2003
Introduced in Senate
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 Latest action September 5, 2003

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 3364 Related bill To authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued c…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Durbin, Richard J.
Illinois · Sep 5, 2003
 R
Graham, Lindsey
South Carolina · Sep 5, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). 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.. 108th Congress. Open America. https://openamerica.io/bill/108-S-1586/
MLA
"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.." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-1586/.
Bluebook (legal)
S. 1586, 108th Cong. (2026), https://openamerica.io/bill/108-S-1586/.
Markdown link
[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.](https://openamerica.io/bill/108-S-1586/)
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