[Congressional Record (Bound Edition), Volume 157 (2011), Part 11]
[House]
[Page 15516]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   CURRENCY REFORM FOR FAIR TRADE ACT

  (Mr. PRICE of North Carolina asked and was given permission to 
address the House for 1 minute.)
  Mr. PRICE of North Carolina. Madam Speaker, China's policy of 
undervaluing its currency is undercutting American manufacturing and 
American jobs by giving China an artificial and unfair advantage. In 
this time of economic uncertainty and high employment, we need to take 
direct, commonsense action to protect the American worker from unfair 
Chinese trade practices.
  The Senate has passed a bill to investigate currency cheating by 
China and other countries and to impose tariffs if they are found 
guilty. Yesterday, Democrats attempted to offer a similar bill, which 
has 61 Republican cosponsors, but 235 Republicans voted against it. 
Moreover, House Republican leaders have indicated the Senate bill will 
never see the light of day if they have their way. Speaker Boehner says 
the fair trade bill with China is ``dangerous.''
  The American people don't think there is anything dangerous about 
protecting American workers from schemes that burden our exports, 
subsidize their imports, and kill jobs. Republican leadership should 
bring the China currency and fair trade bill to the floor so the House 
can give it the bipartisan vote it deserves.

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