S.1027 - Currency Reform for Fair Trade Act of 2009111th Congress (2009-2010)
|Sponsor:||Sen. Stabenow, Debbie [D-MI] (Introduced 05/13/2009)|
|Committees:||Senate - Finance|
|Latest Action:||05/13/2009 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: S.1027 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in Senate (05/13/2009)
Currency Reform for Fair Trade Act of 2009 - Amends the Tariff Act of 1930 to require the administering authority to: (1) determine, based on certain requirements, whether the exchange rate of the currency of an exporting country is fundamentally and actionably undervalued or overvalued (misaligned) against the U.S. dollar for an 18-month period; and (2) take certain actions under a countervailing duty or antidumping duty proceeding to offset such misalignment in cases of an affirmative determination.
Subjects the misalignment to the U.S. dollar of the currency of nonmarket economy countries also to the countervailing and antidumping duty provisions of the Act.