Summary: S.1027 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for S.1027. Bill summaries are authored by CRS.

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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.