3.0.0 2886 2023-01-12T17:52:56Z 2023-01-12T17:52:56Z House H HR 2007-06-27 110 hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2007-07-03T19:32:42Z Referred to 2007-06-27T14:03:20Z hsba00 Financial Services Committee House Standing Referred to 2007-06-27T14:03:25Z Japan Currency Manipulation Act 110 1021 S 2007-03-28 Read twice and referred to the Committee on Finance. Identical bill CRS 2007-07-03 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2007-06-27 Referred to the Committee on Ways and Means, and in addition to the Committee on 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 2007-06-27 Referred to the Committee on Ways and Means, and in addition to the Committee on 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 2007-06-27 Referred to the Committee on Ways and Means, and in addition to the Committee on 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 2007-06-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-06-27 Introduced in House IntroReferral 1000 9 Library of Congress K000288 Rep. Knollenberg, Joe [R-MI-9] JOE KNOLLENBERG R MI 9 N Foreign Trade and International Finance Balance of payments Congress Congress and foreign policy Congressional reporting requirements East Asia Europe European Union Foreign exchange International Affairs International competitiveness International monetary system Japan Nontariff trade barriers Trade negotiations Foreign Trade and International Finance 00 2007-06-27 Introduced in House 2007-09-10T19:38:28Z Japan Currency Manipulation Act - Directs the Secretary of the Treasury to report to Congress on: (1) currency intervention by Japan with respect to the rate of exchange of the Japanese yen and the U.S. dollar and other currencies since 2000; and (2) any effort by Japan to create an exchange-rate misalignment of the Japanese yen with respect to the U.S. dollar and other currencies since March 2004.

Requires the Secretary to submit to Congress a proposal for a comprehensive joint U.S.-European Union plan to address the exchange-rate misalignment of the Japanese yen with respect to the U.S. dollar and other currencies.

Directs the Secretary to: (1) initiate consultations with Japan to decrease Japan's foreign currency reserve holdings to permit effective balance of payments adjustments and to eliminate its unfair competitive advantage in international trade; and (2) take appropriate action to dissuade, prevent, or object to currency intervention by Japan.

Directs the United States to call for the convening of a special meeting of the International Monetary Fund (IMF) to reach a multilateral agreement regarding: (1) the exchange-rate misalignment of the Japanese yen with respect to the U.S. dollar and other currencies; (2) the destabilizing effects of the exchange-rate misalignment of the Japanese yen; and (3) Japan's excessive foreign currency reserve holdings.

Directs the Secretary to report to Congress on: (1) progress made toward decreasing Japan's foreign currency reserve holdings; and (2) actions taken at meetings of the G-7 Leaders, G-7 Finance Ministers, and the IMF regarding the exchange-rate misalignment of the Japanese yen with respect to the U.S. dollar and other currencies, including any progress toward eliminating such misalignment.

]]> Japan Currency Manipulation Act Display Title Japan Currency Manipulation Act Official Title as Introduced To address the exchange-rate misalignment of the Japanese yen with respect to the United States dollar, and for other purposes. Introduced in House IH Short Titles as Introduced Japan Currency Manipulation Act Introduced in House 2007-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2886ih/xml/BILLS-110hr2886ih.xml 2007-07-03 Referred to the Subcommittee on Trade. 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.