White House Asked To Weigh In On China Currency Bill

Law360, New York (September 28, 2011, 2:55 PM EDT) -- Sen. Orrin Hatch, R-Utah, urged the Obama administration on Wednesday to outline its position on legislation designed to pressure China to raise the value of its currency ahead of a vote on the measure set for next week.

In a letter to U.S. Treasury Secretary Tim Geithner and U.S. Trade Representative Ron Kirk, Hatch asked whether the administration had any constitutional, legal or other policy concerns with S. 1619, the Currency Exchange Rate Oversight Reform Act. Senate Majority Leader Harry Reid, D-Nev., has scheduled a vote...
To view the full article, register now.