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HR 1498 109th Congress House

Chinese Currency Act of 2005

Official title: To clarify that exchange-rate manipulation by the People's Republic of China is actionable under the countervailing duty provisions and the product-specific sa… Show full official titleShow less

Official title: To clarify that exchange-rate manipulation by the People's Republic of China is actionable under the countervailing duty provisions and the product-specific safeguard mechanisms of the trade laws of the United States, and for other purposes.

Introduced: November 10, 2005 See on congress.gov
Foreign Trade and International Finance Administrative remediesArmed Forces and National SecurityBalance of paymentsChina
More subjectsShow fewer subjects
Countervailing dutiesCurrency devaluationDefense procurementDepartment of CommerceEast AsiaExecutive Office of the PresidentExport subsidiesForeign exchangeForeign investmentsGovernment Operations and PoliticsImport restrictionsInternational competitivenessLawNontariff trade barriersU.S. International Trade Commission
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 21, 2005
Executive Comment Requested from DOD.
Apr 11, 2005
Referred to the Subcommittee on Trade.
Apr 6, 2005
Referred to the Committee on Ways and Means, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 6, 2005
Introduced in House
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 Latest action April 21, 2005

Executive Comment Requested from DOD.

 Plain-English summary Congressional Research Service

Chinese Currency Act of 2005 - Amends the Tariff Act of 1930 regarding countervailing duty investigations to revise the definition of countervailable subsidy to include exchange-rate manipulation.

Defines "exchange-rate manipulation" as protracted large-scale intervention by an authority to undervalue its currency in the exchange market that prevents effective balance-of-payments adjustment or that gains an unfair competitive advantage over any other country.

Specifies factors for determining whether exchange-rate manipulation is occurring and a benefit thereby conferred.

Applies the definition of "exchange-rate manipulation" to the Government of the People's Republic of China (PRC) or any other public entity within its territory.

Specifies: (1) factors for determining whether exchange-rate manipulation is occurring in the PRC; (2) actions to be taken, if a petition for an investigation alleges and reasonably documents that it is occurring; and (3) the standard for presidential action to prevent or remedy the market disruption at issue (including import relief and its modification and extension).

Directs the Secretary of Defense, upon proper request or resolution, to report to the U.S. International Trade Commission any determination as to whether or not the articles of the PRC that are the subject of the investigation are like or directly competitive with domestically produced articles critical to the U.S. defense industrial base.

Prohibits the Secretary from procuring, directly or indirectly, such products if the Commission or the President or the U.S. Trade Representative makes an affirmative determination that the Secretary's determination is accurate.

Provides for presidential waiver of the prohibition in the national security interests of the United States.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 51
All 51 Democratic 14 Republican 8 Independent 1
D
Scott, Robert C. "Bobby"
Virginia · Sep 19, 2006
GORDON, BART
· Sep 12, 2006
ETHERIDGE, BOB
· Sep 6, 2006
 D
Lynch, Stephen F.
Massachusetts · May 16, 2006
 D
Bishop, Sanford D.
Georgia · Apr 27, 2006
Melancon, Charlie
· Apr 25, 2006
Bean, Melissa
· Mar 16, 2006
 D
Baldwin, Tammy
Wisconsin · Feb 15, 2006
Davis, Lincoln
· Feb 7, 2006
 D
Green, Al
Texas · Feb 7, 2006
 D
Schakowsky, Janice D.
Illinois · Nov 10, 2005
Shuster, Bill
· Nov 10, 2005
 D
McCollum, Betty
Minnesota · Oct 26, 2005
Salazar, John
· Oct 19, 2005
MOLLOHAN, ALAN
· Oct 7, 2005
CHRISTENSEN, DONNA
· Oct 6, 2005
 D
DeLauro, Rosa L.
Connecticut · Oct 6, 2005
EDWARDS, CHET
· Oct 6, 2005
Rodgers, Cathy
· Sep 12, 2005
Marshall, Jim
· Sep 7, 2005
 D
Sánchez, Linda T.
California · Sep 7, 2005
Davis, Artur
· Jul 26, 2005
Brown-Waite, Ginny
· Jul 12, 2005
KILPATRICK, CAROLYN
· Jun 30, 2005
 D
Kaptur, Marcy
Ohio · Jun 29, 2005
 R
Simpson, Michael K.
Idaho · Jun 29, 2005
 D
Costa, Jim
California · Jun 14, 2005
STEARNS, CLIFF
· Jun 14, 2005
 R
Foxx, Virginia
North Carolina · Jun 8, 2005
 R
Smith, Christopher H.
New Jersey · May 26, 2005
 R
Wilson, Joe
South Carolina · May 24, 2005
 D
Moore, Gwen
Wisconsin · May 23, 2005
Barrett, J.
· May 19, 2005
BROWN, HENRY
· May 19, 2005
 R
McCaul, Michael T.
Texas · May 12, 2005
 R
Wicker, Roger F.
Mississippi · May 12, 2005
 R
Rogers, Harold
Kentucky · May 11, 2005
 D
McGovern, James P.
Massachusetts · May 10, 2005
SOUDER, MARK
· May 10, 2005
WAMP, ZACH
· May 10, 2005
Bordallo, Madeleine
· Apr 28, 2005
Meek, Kendrick
· Apr 28, 2005
STUPAK, BART
· Apr 28, 2005
EHLERS, VERNON
· Apr 20, 2005
TAYLOR, GENE
· Apr 14, 2005
BERRY, MARION
· Apr 12, 2005
INGLIS, BOB
· Apr 12, 2005
 R
Issa, Darrell
California · Apr 12, 2005
 D
Pallone, Frank
New Jersey · Apr 12, 2005
 I
Sanders, Bernard
Vermont · Apr 12, 2005
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1498: Chinese Currency Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-1498/
MLA
"H.R. 1498: Chinese Currency Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-1498/.
Bluebook (legal)
H.R. 1498, 109th Cong. (2026), https://openamerica.io/bill/109-HR-1498/.
Markdown link
[H.R. 1498: Chinese Currency Act of 2005](https://openamerica.io/bill/109-HR-1498/)
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