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S 295 109th Congress Senate

A bill to authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency are not successful.

Introduced: February 3, 2005 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Foreign Trade and International Finance ChinaCongressCongress and foreign policyCongressional oversight
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Congressional reporting requirementsCountervailing dutiesCurrency devaluationEast AsiaForeign exchangeGovernment Operations and PoliticsInternational AffairsInternational competitivenessPresident and foreign policyRestrictive trade practicesSummit diplomacyTrade negotiations
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 3, 2005
Read twice and referred to the Committee on Finance.
Feb 3, 2005
Introduced in Senate
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 Latest action February 3, 2005

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.

 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 · Feb 3, 2005
 R
Graham, Lindsey
South Carolina · Feb 3, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 295: A bill to authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency are not successful.. 109th Congress. Open America. https://openamerica.io/bill/109-S-295/
MLA
"S. 295: A bill to authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency are not successful.." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-295/.
Bluebook (legal)
S. 295, 109th Cong. (2026), https://openamerica.io/bill/109-S-295/.
Markdown link
[S. 295: A bill to authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency are not successful.](https://openamerica.io/bill/109-S-295/)
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