HR 1575
109th Congress
House
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
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.
Introduced: April 12, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 19, 2005
Referred to the Subcommittee on Trade.
Apr 12, 2005
Referred to the House Committee on Ways and Means.
Apr 12, 2005
Introduced in House
Plain-English summary
Imposes an additional duty rate of 27.5 percent 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.
What's happening now
Referred to the Subcommittee on Trade.
Committees of jurisdiction
2