Senate Auto Caucus Wants Currency Measures In TPA Bill

Law360, Washington (December 17, 2013, 3:39 PM EST) -- The bipartisan chairmen of the Senate Auto Caucus pushed Congress on Friday to include provisions discouraging currency manipulation in the upcoming Trade Promotion Authority bill, echoing industry calls for safeguards that could protect U.S. automakers from unfair trade competition.

In a joint statement, Sens. Carl Levin, D-Mich., and Rob Portman, R-Ohio, urged their colleagues to create “strong and enforceable” protections against currency manipulation in the bill. Trade promotion authority, sometimes called “fast-track,” generally allows the executive branch to negotiate trade agreements while limiting Congress to a...
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