3.0.0 3306 2019-11-15T21:48:52Z 2019-11-15T21:48:52Z House H HR 2005-07-14 109 hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Referred to 2005-08-24T19:53:40Z Referred to 2005-07-14T14:05:15Z hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2005-07-20T19:46:45Z Referred to 2005-07-14T14:05:05Z hsfa00 Foreign Affairs Committee House Standing Referred to 2005-07-14T14:05:10Z 2005-08-24 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Committee 2005-07-20 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2005-07-14 Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-07-14 Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial 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. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2005-07-14 Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial 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. IntroReferral H11100-A 9 Library of Congress 2005-07-14 Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-07-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-07-14 Introduced in House IntroReferral 1000 9 Library of Congress R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 N P000197 Rep. Pelosi, Nancy [D-CA-8] NANCY PELOSI D CA 8 2005-07-14 True H000874 Rep. Hoyer, Steny H. [D-MD-5] STENY HOYER D MD H. 5 2005-07-14 True M000639 Rep. Menendez, Robert [D-NJ-13] Robert Menendez D NJ 13 2005-07-14 True C000537 Rep. Clyburn, James E. [D-SC-6] JAMES CLYBURN D SC E. 6 2005-07-14 True C000141 Rep. Cardin, Benjamin L. [D-MD-3] Ben Cardin D MD 3 2005-07-14 True L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 2005-07-14 True H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2005-07-26 False O000007 Rep. Obey, David R. [D-WI-7] DAVID OBEY D WI R. 7 2005-07-27 False J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2005-07-27 False A000357 Rep. Allen, Thomas H. [D-ME-1] THOMAS ALLEN D ME H. 1 2005-09-19 False Foreign Trade and International Finance Balance of payments China Commerce Congress Congressional reporting requirements Countervailing duties Currency devaluation Dumping East Asia Economics and Public Finance Export controls Export subsidies Finance and Financial Sector Foreign banks and banking Foreign exchange Government Operations and Politics Government and business Governmental investigations Import relief Import restrictions Imports Infrastructure Infrastructure (Economics) International Affairs International competitiveness Labor and Employment Manufacturing industries Nontariff trade barriers Occupational retraining Price fixing Privatization Public utility rates Research and development Science, Technology, Communications Surety and fidelity Tariff Taxation Trade agreements Trade negotiations Foreign Trade and International Finance 00 2005-07-14 Introduced in House 2005-09-21T20:32:36Z Fair Trade with China Act of 2005 - Amends the Tariff Act of 1930 to apply its countervailing duty requirements to nonmarket economy countries.

Amends the Trade Act of 1974, with respect to enforcement of U.S. rights under trade agreements and response to certain foreign trade practices, to include unjustifiable acts, policies, or practices which involve currency manipulation.

Requires the U.S. Trade Representative (USTR) to investigate the currency practices of the People's Republic of China (PRC), make applicable determinations, and implement any appropriate action.

Requires the USTR to: (1) first initiate consultations with each foreign country identified as engaging in priority foreign country practices to reach a satisfactory resolution of such practices; and (2) then investigate the practices in question if a satisfactory resolution has not been reached within a specified period.

Requires the USTR to identify and report to Congress on such PRC priority foreign trade practices.

Amends the Tariff Act of 1930 to repeal the requirement that the administering authority direct the Customs Service to allow an importer to opt to post a bond or security, until completion of the review, in lieu of a cash deposit for each entry of the subject merchandise (bonding privileges). (Thus, requires cash deposits for such entries).

Requires) the U.S. International Trade Commission to study and report to Congress on how the PRC uses government intervention to promote investment, employment, and exports.

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.

Reduces the preconditions for the initiation of negotiations by the Secretary of the Treasury to possession of significant bilateral trade surpluses with the United States (removing the other current condition of possession of material global current account surpluses).

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 by an authority to undervalue its currency in the exchange market that prevents effective balance of payments adjustment or gains an unfair competitive advantage over the United States.

]]> Fair Trade with China Act of 2005 Short Titles as Introduced Fair Trade with China Act of 2005 Display Title Fair Trade with China Act of 2005 Official Title as Introduced To amend the Tariff Act of 1930 and the Trade Act of 1974 to provide relief from certain practices by other countries, and for other purposes. Introduced in House 2005-07-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr3306ih/xml/BILLS-109hr3306ih.xml 2005-08-24 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.