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Rep. Linda Sánchez Works to Pass China Currency Bill

Press Release

Date: Sept. 29, 2010
Location: Washington, DC
Issues: Monetary Policy Foreign Affairs

Rep. Linda Sánchez Works to Pass China Currency Bill

Ways and Means Member Rep. Linda Sánchez voted with her colleagues to approve legislation to address China's fundamental undervaluation of its currency. H.R. 2378, a bill that would enable the Department of Commerce to impose duties to hold China accountable and enforce the rules of international trade, was passed by the Ways and Means Committee today and next week heads to the full House of Representatives for final approval.

"This is the kind of legislation--addressing and combating the off-shoring of good American jobs--our hardworking families need right now," said Rep. Linda Sánchez. "As a sponsor of the bill, I am enthusiastic that this will be the first of several steps to ensure that China abides by its commitments and stops unfairly enriching its economy at the expense of American business and labor."


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