S 1586
108th Congress
Senate
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
Government Operations and Politics
International Affairs
International competitiveness
President and foreign policy
Trade negotiations
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
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
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1