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HR 2208 109th Congress House Foreign Trade and International Finance Balance of payments China Congress Congress and foreign policy Congressional reporting requirements East Asia Foreign exchange Governmental investigations International Affairs Negotiations

Fair Currency Practices Act of 2005

Introduced: May 10, 2005 See on congress.gov
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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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 3, 2005
Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
May 16, 2005
Referred to the Subcommittee on Trade.
May 10, 2005
Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and International Relations, 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.
May 10, 2005
Sponsor introductory remarks on measure. (CR E920-921)
May 10, 2005
Introduced in House
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 Plain-English summary Congressional Research Service

Fair Currency Practices Act of 2005 - Amends the Exchange Rates and International Economic Policy Coordination Act of 1988 with respect to bilateral negotiations with countries considered to manipulate the rate of exchange between their currency and the U.S. dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.

Modifies the preconditions for the initiation of negotiations by the Secretary of the Treasury to make them alternative rather than joint. (Requires the Secretary to consider that such manipulation is occurring with respect to countries that possess material global current account surpluses or (currently, and) significant bilateral trade surpluses with the United States.)

Declares that a country shall be considered to be manipulating the rate of exchange between its currency and the U.S. dollar if there is a protracted large-scale intervention in one direction in the exchange markets.

Authorizes the Secretary to find that a country is manipulating the rate of exchange based on any other factor or combination of factors.

Requires the Secretary to examine and report to Congress on the trade surplus of the People's Republic of China (PRC), particularly on: (1) why the trade surplus with the United States and other countries reported by the PRC differs from the trade surplus reported by the other countries; and (2) quantification of such differences.

What's happening now June 3, 2005

Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

 Related & companion bills 1
  • S 984 Identical bill Fair Currency Practices Act of 2005
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Blackburn, Marsha
Tennessee · May 23, 2005
 D
Davis, Danny K.
Illinois · May 23, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2208: Fair Currency Practices Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-2208/
MLA
"H.R. 2208: Fair Currency Practices Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-2208/.
Bluebook (legal)
H.R. 2208, 109th Cong. (2026), https://openamerica.io/bill/109-HR-2208/.
Markdown link
[H.R. 2208: Fair Currency Practices Act of 2005](https://openamerica.io/bill/109-HR-2208/)
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