3.0.0 3992 2018-02-04T01:46:25Z 2023-01-11T22:18:04Z Senate S S 2006-09-28 109 2006-09-30 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 656. Calendars 2006-09-28 Senate Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S10486-10489) Calendars 2006-09-28 Introduced in Senate IntroReferral 10000 9 Library of Congress B001066 Sen. Bunning, Jim [R-KY] JIM BUNNING R KY N Foreign Trade and International Finance Armed Forces and National Security Balance of payments Canada China Congress Congress and foreign policy Congressional oversight Congressional reporting requirements Countervailing duties Defense procurement East Asia Export subsidies Foreign exchange Government Operations and Politics Governmental investigations Import relief International Affairs International monetary system Latin America Mexico Trade negotiations Foreign Trade and International Finance 00 2006-09-28 Introduced in Senate 2007-02-15T17:15:41Z United States Fair Currency Practices Act of 2006 - Amends the Exchange Rates and International Economic Policy Coordination Act of 1988 to direct the Secretary of the Treasury to consider in the annual analysis of foreign exchange rate policies whether countries have a currency that is in fundamental misalignment (as defined by this Act), and if so, to initiate bilateral corrective negotiations.

Directs the Secretary, prior to U.S. approval of a change in an international financial institution's governance, to determine whether a member who would benefit from such change has a currency that is manipulated or in fundamental misalignment, and if so, oppose such change.

Amends the Tariff Act of 1930, in determining a nonmarket economy country, to consider whether such country's manipulation or fundamental misalignment of its currency adversely affects the U.S. economy.

Includes exchange rate misalignment (as defined by this Act) as a countervailable subsidy.

Amends the Trade Act of 1974 to include exchange rate misalignment by the People's Republic of China (PRC) as a condition in determining market disruption.

Prohibits the Department of Defense (DOD) from procuring defense articles imported from the PRC if such articles are competitive with domestic industry articles critical to the defense industrial base of the United States.

Applies provisions of this Act respecting countervailable subsidies and nonmarket economy status to goods from Canada and Mexico.

]]> United States Fair Currency Practices Act of 2006 Short Titles as Introduced United States Fair Currency Practices Act of 2006 Display Title United States Fair Currency Practices Act of 2006 Official Title as Introduced A bill to amend the Exchange Rates and International Economic Policy Coordination Act of 1998 to clarify the definition of manipulation with respect to currency, and for other purposes. Placed on Calendar Senate 2006-09-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s3992pcs/xml/BILLS-109s3992pcs.xml 2006-09-30 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 656. 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.