FOREIGN CURRENCIES

Bills and resolutions

Dept. of Commerce: establish a benefit calculation methodology relative to currency undervaluation for purposes of countervailing duty investigations and reviews (see S. 433), S900 [10FE]

Foreign trade: clarify that countervailing duties may be imposed to address subsidies relative to a fundamentally undervalued foreign currency (see H.R. 820), H915 [10FE]

Letters

Dept. of the Treasury identification of misaligned currency and act to correct the misalignment: several Senators, S3022 [19MY]

Remarks in House

Foreign trade: clarify that countervailing duties may be imposed to address subsidies relative to a fundamentally undervalued foreign currency, H8846–H8849 [1DE]

Remarks in Senate

Dept. of the Treasury: identify misaligned currency and require action to correct the misalignment, S2838–S2840 [13MY], S2906, S2918 [14MY], S3006 [18MY], S3022–S3024, S3050, S3052 [19MY], S3099 [20MY], S3229 [21MY], S3256–S3258, S3261–S3263, S3265–S3269, S3285, S3286–S3288, S3291–S3293 [22MY]

Foreign trade: clarify that countervailing duties may be imposed to address subsidies relative to a fundamentally undervalued foreign currency, S3036–S3042 [19MY], S3090, S3092, S3107, S3112 [20MY], S3257, S3280–S3283, S3291, S3292 [22MY]

——— prohibit fast-track trade agreements with countries that do not have a minimum wage of at least $2 per hour, S3042 [19MY], S3212, S3213 [21MY]

Trans-Pacific Partnership Agreement: concerns over currency manipulations, S7896 [10NO]