[Congressional Record Volume 161, Number 76 (Monday, May 18, 2015)]
[Senate]
[Page S2984]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1299. Mr. PORTMAN (for himself, Ms. Stabenow, Mr. Burr, Mr. Brown, 
Mr. Casey, Mr. Schumer, Mr. Graham, Mrs. Shaheen, Ms. Heitkamp, Ms. 
Baldwin, Ms. Klobuchar, Mr. Manchin, Ms. Warren, Ms. Collins, and Mr. 
Donnelly) submitted an amendment intended to be proposed to amendment 
SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to amend the 
Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; as follows:

       In section 102(b), strike paragraph (11) and insert the 
     following:
       (11) Currency manipulation.--The principal negotiating 
     objective of the United States with respect to unfair 
     currency exchange practices is to target protracted large-
     scale intervention in one direction in the exchange markets 
     by a party to a trade agreement to gain an unfair competitive 
     advantage in trade over other parties to the agreement, by 
     establishing strong and enforceable rules against exchange 
     rate manipulation that are subject to the same dispute 
     settlement procedures and remedies as other enforceable 
     obligations under the agreement and are consistent with 
     existing principles and agreements of the International 
     Monetary Fund and the World Trade Organization. Nothing in 
     the previous sentence shall be construed to restrict the 
     exercise of domestic monetary policy.
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