Legislation

Currency Reform for Fair Trade Act

The Currency Reform for Fair Trade Act (H.R. 2378) will create a more level playing field for American exports on the international market by holding China accountable for the manipulation of its currency. This act gives our nation the tools it needs to enforce the rules of trade and address China’s currency manipulation.

China has a long history of suppressing the value of its currency to make its exports cheaper than they would be if China allowed its currency to be set by the market. That currency manipulation puts a drag on the U.S. economy and reduces our GDP by 1.4 percentage points annually. By forcing China to compete on an even playing field in the U.S market, we are making our manufacturers more competitive. Economists estimate that revaluation of China’s currency would create 500,000 manufacturing jobs here in the United States.

Featured Member

Donna Edwards

Representing the 4th District of MD
<a href="/members/donna-edwards">Donna Edwards</a>

Meet Congresswoman Donna Edwards and you’ll immediately sense her strong energy and enthusiasm for her work on behalf of people in her community. According to Edwards – who represents portions of Maryland’s Prince George’s and Montgomery counties – the experience so far has “been really invigorating – exciting.”

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House Democrats

     Democratic Caucus           U.S. House of Representatives