H.R.3364 - To authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency and currency manipulation are not successful.108th Congress (2003-2004)
|Sponsor:||Rep. Myrick, Sue Wilkins [R-NC-9] (Introduced 10/21/2003)|
|Committees:||House - Ways and Means|
|Latest Action:||10/27/2003 Referred to the Subcommittee on Trade.|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: H.R.3364 — 108th Congress (2003-2004)All Bill Information (Except Text)
Introduced in House (10/21/2003)
Imposes an additional duty of 27.5 percent on Chinese goods imported into the United States unless the President submits a certification to Congress that the People's Republic of China (PRC) is no longer manipulating the rate of exchange and is complying with accepted market-based trading policies.
Directs the Secretary of the Treasury to negotiate with the PRC to ensure a process that leads to a market-based system of currency valuation.