Fair Currency Act of 2007

3.0.0 2942 2023-01-12T17:52:54Z 2023-01-12T17:52:54Z House H HR 2007-06-28 110 hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2007-07-12T19:36:05Z Referred to 2007-06-28T14:05:20Z hsfa00 Foreign Affairs Committee House Standing Referred to 2007-06-28T14:05:30Z hsba00 Financial Services Committee House Standing Referred to 2007-06-28T14:05:25Z Fair Currency Act of 2007 110 782 HR 2007-04-12 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Related bill CRS Fair Currency Act of 2007 110 796 S 2007-03-07 Read twice and referred to the Committee on Finance. Related bill CRS Currency Exchange Rate Oversight Reform Act of 2007 110 1607 S 2007-12-14 By Senator Baucus from Committee on Finance filed written report. Report No. 110-248. Related bill CRS 2007-07-12 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2007-06-28 Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Foreign Affairs, 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 2007-06-28 Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Foreign Affairs, 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 2007-06-28 Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Foreign Affairs, 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 2007-06-28 Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Foreign Affairs, 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 2007-06-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-06-28 Introduced in House IntroReferral 1000 9 Library of Congress R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 N H000981 Rep. Hunter, Duncan [R-CA-52] DUNCAN HUNTER R CA 52 2007-06-28 True B001149 Rep. Burton, Dan [R-IN-5] DAN BURTON R IN 5 2007-07-10 False M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2007-07-10 False M001169 Rep. Murphy, Christopher [D-CT-5] Christopher Murphy D CT S. 5 2007-07-10 False S001171 Rep. Shuler, Heath [D-NC-11] Heath Shuler D NC 11 2007-07-10 False A000362 Rep. Altmire, Jason [D-PA-4] Jason Altmire D PA 4 2007-07-10 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2007-07-10 False W000801 Rep. Wilson, Charles A. [D-OH-6] Charles Wilson D OH A. 6 2007-07-10 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2007-07-10 False D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2007-07-10 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2007-07-10 False S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 2007-07-10 False G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2007-07-12 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2007-07-12 False H001029 Rep. Hayes, Robin [R-NC-8] ROBIN HAYES R NC 8 2007-07-12 False S000030 Rep. Sanchez, Loretta [D-CA-47] LORETTA SANCHEZ D CA 47 2007-07-12 False E000063 Rep. Edwards, Chet [D-TX-17] CHET EDWARDS D TX 17 2007-07-23 False V000108 Rep. Visclosky, Peter J. [D-IN-1] PETER VISCLOSKY D IN J. 1 2007-07-23 False M001148 Rep. Meek, Kendrick B. [D-FL-17] Kendrick Meek D FL B. 17 2007-07-23 False J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2007-07-23 False G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2007-07-23 False M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2007-07-25 False D000607 Rep. Donnelly, Joe [D-IN-2] Joe Donnelly D IN 2 2007-07-25 False G000021 Rep. Gallegly, Elton [R-CA-24] ELTON GALLEGLY R CA 24 2007-07-25 False L000553 Rep. LaTourette, Steven C. [R-OH-14] STEVEN LATOURETTE R OH C. 14 2007-07-25 False S001173 Rep. Space, Zachary T. [D-OH-18] Zachary Space D OH T. 18 2007-07-25 False M000472 Rep. McHugh, John M. [R-NY-23] JOHN MCHUGH R NY M. 23 2007-07-27 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2007-07-27 False I000023 Rep. Inglis, Bob [R-SC-4] BOB INGLIS R SC 4 2007-07-27 False D000355 Rep. Dingell, John D. [D-MI-15] JOHN DINGELL D MI D. 15 2007-07-27 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2007-07-27 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2007-07-27 False B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2007-07-27 False K000180 Rep. Kilpatrick, Carolyn C. [D-MI-13] CAROLYN KILPATRICK D MI CHEEKS 13 2007-07-27 False H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2007-07-27 False S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2007-07-31 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2007-07-31 False R000409 Rep. Rohrabacher, Dana [R-CA-46] DANA ROHRABACHER R CA 46 2007-07-31 False G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2007-07-31 False B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 2007-07-31 False D000482 Rep. Doyle, Michael F. [D-PA-14] MIKE DOYLE D PA 14 2007-08-01 False M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2007-08-01 False M000844 Rep. Mollohan, Alan B. [D-WV-1] ALAN MOLLOHAN D WV B. 1 2007-08-01 False A000055 Rep. Aderholt, Robert B. [R-AL-4] ROBERT ADERHOLT R AL B. 4 2007-08-01 False S001045 Rep. Stupak, Bart [D-MI-1] BART STUPAK D MI 1 2007-08-01 False S000097 Rep. Saxton, Jim [R-NJ-3] H. SAXTON R NJ JAMES 3 2007-08-02 False L000562 Rep. Lynch, Stephen F. [D-MA-9] Stephen Lynch D MA F. 9 2007-08-02 False R000395 Rep. Rogers, Harold [R-KY-5] HAROLD ROGERS R KY 5 2007-09-04 False P000099 Rep. Pastor, Ed [D-AZ-4] ED PASTOR D AZ 4 2007-09-04 False H001038 Rep. Higgins, Brian [D-NY-27] Brian Higgins D NY 27 2007-09-04 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2007-09-04 False E000092 Rep. Ehlers, Vernon J. [R-MI-3] VERNON EHLERS R MI J. 3 2007-09-04 False A000363 Rep. Arcuri, Michael A. [D-NY-24] Michael Arcuri D NY A. 24 2007-09-24 False B001239 Rep. Barrett, J. Gresham [R-SC-3] J. Barrett R SC Gresham 3 2007-09-24 False P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2007-09-27 False C000556 Rep. Coble, Howard [R-NC-6] HOWARD COBLE R NC 6 2007-10-03 False L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2007-10-03 False W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2007-10-03 False B001247 Rep. Brown-Waite, Ginny [R-FL-5] Ginny Brown-Waite R FL 5 2007-10-03 False P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2007-10-03 False H000712 Rep. Holden, Tim [D-PA-17] TIM HOLDEN D PA 17 2007-10-09 False W000099 Rep. Walsh, James T. [R-NY-25] JAMES WALSH R NY T. 25 2007-10-09 False K000365 Rep. Kagen, Steve [D-WI-8] Steve Kagen D WI 8 2007-10-09 False S001153 Rep. Solis, Hilda L. [D-CA-32] HILDA SOLIS D CA L. 32 2007-10-23 False M001151 Rep. Murphy, Tim [R-PA-18] Tim Murphy R PA 18 2007-11-01 False O000085 Rep. Olver, John W. [D-MA-1] JOHN OLVER D MA W. 1 2007-11-01 False S001143 Rep. Souder, Mark E. [R-IN-3] MARK SOUDER R IN EDWARD 3 2007-12-04 False C001066 Rep. Castor, Kathy [D-FL-11] Kathy Castor D FL 11 2007-12-04 False W000784 Rep. Wynn, Albert Russell [D-MD-4] ALBERT WYNN D MD R. 4 2007-12-12 False H001040 Rep. Hare, Phil [D-IL-17] Phil Hare D IL 17 2008-01-17 False J000070 Rep. Jefferson, William J. [D-LA-2] WILLIAM JEFFERSON D LA J. 2 2008-04-09 False W000119 Rep. Wamp, Zach [R-TN-3] ZACH WAMP R TN 3 2008-04-14 False A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2008-05-05 False E000289 Rep. Ellsworth, Brad [D-IN-8] Brad Ellsworth D IN 8 2008-05-06 False R000572 Rep. Rogers, Mike J. [R-MI-8] Mike Rogers R MI 8 2008-05-19 False G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 2008-06-17 False K000364 Rep. Kuhl, John R. "Randy", Jr. [R-NY-29] John Kuhl R NY R. "Randy" 29 2008-09-23 False Foreign Trade and International Finance American investments Commerce Congressional reporting requirements Countervailing duties Currency devaluation Developing countries Development credit institutions Federal advisory bodies Foreign exchange Foreign loans Free trade Government Operations and Politics International Affairs International agencies International monetary system Investment guaranty insurance Sanctions (International law) Subsidies Trade agreements Foreign Trade and International Finance

00 2007-06-28 Introduced in House 2007-10-04T21:23:41Z Currency Reform for Fair Trade Act of 2007 - Amends the Tariff Act of 1930 to expand the authority of the administering authority or the International Trade Commission (ITC) to impose countervailing duties on products from a nonmarket economy country that have been provided a countervailable subsidy. Requires, when measuring subsidy benefits, the use of benchmarks outside of a nonmarket economy country when benchmarks in such a country are not available or are inappropriate.

Includes fundamental and actionable misalignment of a currency (undervaluation of a foreign currency) by a foreign country as a countervailable subsidy.

Directs the Secretary of the Treasury (Secretary) to: (1) report annually to Congress on international monetary policy and currency exchange rates (including fundamentally misaligned currencies); (2) analyze semiannually the prevailing real exchange rates between the U.S. dollar and foreign currencies and to designate fundamentally misaligned foreign currencies for priority action; and (3) seek bilateral consultations with fundamentally misaligned currency countries designated for priority action to eliminate such misalignment.

Requires the United States to inform the Managing Director of the International Monetary Fund (IMF) of countries that fail to eliminate fundamentally misaligned currencies designated for priority action and to request the IMF Managing Director to consult with such countries regarding their observance of the IMF Articles of Agreement and to report the results of such consultations to the IMF Executive Board. Prohibits the Overseas Private Investment Corporation (OPIC) from, and instructs multilateral banks to oppose, financing projects in countries that issue fundamentally misaligned currencies designated for priority action.

Requires: (1) the Secretary to take certain actions with respect to countries that fail to eliminate fundamentally misaligned currencies designated for priority action; and (2) the United States Trade Representative (USTR) to request consultations in the World Trade Organization (WTO) with such countries regarding the consistency of their actions with regard the WTO Agreement.

Establishes an Advisory Committee on International Exchange Rate Policy.

Repeals the Exchange Rates and International Economic Policy Coordination Act of 1988.

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Currency Reform for Fair Trade Act of 2007 Display Title Currency Reform for Fair Trade Act of 2007 Official Title as Introduced To provide for identification of misaligned currency, require action to correct the misalignment, and for other purposes. Introduced in House IH Short Titles as Introduced Currency Reform for Fair Trade Act of 2007 Introduced in House 2007-06-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2942ih/xml/BILLS-110hr2942ih.xml 2007-07-12 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.