Congress Puts Focus Back On Chinese Currency Reform

Law360, New York (February 10, 2011, 4:28 PM EST) -- Members of Congress on Thursday restarted efforts to reprimand China for allegedly suppressing the value of its currency, despite the U.S. Department of the Treasury's recent decision not to label the country a currency manipulator.

House Committee on Ways and Means Ranking Member Sander Levin, D-Mich., was joined by nearly 100 Democratic and Republican co-sponsors in reintroducing the Currency Reform for Fair Trade Act, a version of which passed the U.S. House of Representatives in September with broad bipartisan support.

Sen. Sherrod Brown, D-Ohio, is planning...
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