Currency Reform for Fair Trade Act [HB-2039] [Trade ] [Finance ] [International ] [Inflation ] [Economic Development ]
Currency Reform for Fair Trade Act This bill amends the Tariff Act of 1930 to include as a "countervailable subsidy" requiring action under a countervailing duty or antidumping duty proceeding the benefit conferred on merchandise imported into the United States from foreign countries with fundamentally undervalued currency. A "benefit conferred," in cases where the currency of a foreign country is exchanged for foreign currency (i.e., U.S. dollars) obtained from export transactions, is defined as the difference between: (1) the amount of currency (continued...)

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Sponsored by: Rep. Tim Ryan Referred To The Subcommittee On Trade. on 04/19/2017