US SB1238 | 2011-2012 | 112th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 21 2011 - 25% progression, died in committee
Action: 2011-06-21 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 21 2011 - 25% progression, died in committee
Action: 2011-06-21 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Currency Exchange Rate Transparency Act - Subjects any bill implementing a trade agreement between the United States and another country (or extending permanent normal trade relations) to a point of order unless the bill is accompanied by a Presidential certification, approved by Congress, stating that, in the 10 years prior to the certification, the government of the country has not engaged in the intervention or manipulation of the rate of exchange between its currency and the U.S. dollar in order to prevent effective balance of payments adjustments or gain unfair competitive advantage in international trade.
Title
Currency Exchange Rate Transparency Act
Sponsors
Sen. Olympia Snowe [R-ME] | Sen. John Rockefeller [D-WV] |
History
Date | Chamber | Action |
---|---|---|
2011-06-21 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB3347 (Related) 2012-06-27 - Read twice and referred to the Committee on Finance.
Subjects
Congressional oversight
Foreign trade and international finance
International monetary system and foreign exchange
Legislative rules and procedure
Senate
Trade agreements and negotiations
Foreign trade and international finance
International monetary system and foreign exchange
Legislative rules and procedure
Senate
Trade agreements and negotiations
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/1238/all-info |
Text | https://www.congress.gov/112/bills/s1238/BILLS-112s1238is.pdf |