Washington, D.C. – Today, Dean of the U.S. House of Representatives, John D. Dingell (D-MI15) joined with his colleagues, Congressman Sander Levin (D-MI), Congressman Jim McDermott (D-WA), Congressman Tim Murphy (R-PA), and Congressman Tim Ryan (D-OH), in introducing the Currency Reform for Fair Trade Act of 2011. This bi-partisan legislation would give the administration additional tools to address currency manipulation by China and other U.S. trading partners.
“I proudly support the Currency Reform for Fair Trade Act of 2011. We must ensure the administration has the capacity to duly hold our trading partners responsible for currency manipulation,” said Dingell. “This bill will make it easier for the administration to go after countries that manipulate the value of their currencies and hold them accountable for this most unfair of trade practices. I wholeheartedly support efforts such as these to ensure our trading partners play by the rules and preserve domestic competitiveness.”
Congressman Dingell sponsored similar legislation in the 110th and 111th Congresses and has for years been a leading advocate in Congress addressing unfair foreign trade practices.
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