Bill to Revoke China's MFN Status Reintroduced in the House
On September 13, 2011, Representative Sherman (D-CA) and four co-sponsors reintroduced H.R. 2909, the Emergency China Trade Act, to revoke MFN status for China and direct the President to negotiate a new trading relationship that is designed to eliminate the U.S.-China trade imbalance. No further action has occurred on this measure as of September 26, and an identical bill was introduced by Sherman in 2010.
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(See ITT’s Online Archives or 09/23/11 news, 11092310, for BP summary of the September 22 introduction of a new bipartisan China currency bill. See ITT’s Online Archives or 07/28/11 news, 11072810, for BP summary stating that House Ways and Means Chairman Camp planned to address trade abuses by China in fall 2011.
See ITT’s Online Archives or 08/04/10 news, 10080417, for BP summary of Sherman’s 2010 bill.)
Representative Sherman’s press release available here. H.R. 2909 available here