[Congressional Record (Bound Edition), Volume 157 (2011), Part 11]
[House]
[Page 15633]
[From the U.S. Government Publishing Office, www.gpo.gov]




                            CHINESE CURRENCY

  (Mr. MURPHY of Connecticut asked and was given permission to address 
the House for 1 minute.)
  Mr. MURPHY of Connecticut. We need to follow the Senate's lead in 
passing legislation that will pressure China to stop their unfair 
monetary policy. China's manipulation of their currency has cost us 
jobs in Connecticut and around the country. Our workers and businesses 
deserve a level playing field, and this bill will help ensure that.
  Since China joined the WTO, our trade deficit from China has risen 
from $84 billion to $270 billion. In that same period of time, 
Connecticut, my home State, has lost 31,000 jobs, and our country has 
lost 2.8 million jobs, 1.9 million of them in manufacturing.
  Companies throughout Connecticut, like HABCO, Incorporated, are 
demanding that we finally do something about these unfair practices 
that subsidize Chinese exports. Everyone from the manufacturers that I 
have surveyed to the people I run into at grocery stores understands 
that China is cheating on their currency.
  With more than 160,000 people in Connecticut out of work, it is long 
past time for the leadership of this House to allow a vote on this 
floor on legislation to take China to task for their unfair practices 
and to strengthen American workers and businesses.
  Let's pass this jobs-creating legislation now.

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