Senator Warns that Legislation is Needed for China Currency Issue
Senator Brown (D) issued a statement urging the Administration to press China to curb currency manipulation during the May 9-10, 2011 U.S.-China Strategic & Economic Dialogue (S&ED). However, Senator Brown insists that legislation will be the mechanism to force real…
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China currency change. According to Senator Brown, China's unfair currency manipulation has gone on for far too long and legislation is needed. (Senator Brown is the sponsor of the Currency Reform for Fair Trade Act (S. 328), bipartisan legislation that would crack down on Chinese currency manipulation. See ITT's Online Archives or 02/11/11 news, 11021083, for BP summary of S. 328)