Ways and Means Announces Second China Exchange Rate Hearing for Sept 16
The House Ways and Means Committee has announced that it will be holding a second hearing on China’s exchange rate policy on September 16, 2010. The purpose of this hearing is to consider what action Congress and the Administration may need to take to address China’s exchange rate policy and its effect on the U.S. and global economic recoveries and on U.S. job creation.
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Actions to be discussed include legislation, such as the Currency Reform for Fair Trade Act (H.R. 2378), and the initiation of formal dispute settlement consultations with China within the World Trade Organization. (The Committee has previously announced an initial hearing on China’s exchange rate policy for September 15, 2010. See ITT's Online Archives or 07/30/10 news, 10073009, for BP summary announcing the September 15 hearing.)