“America’s workers have lost millions of jobs and billions in wages over the last two decades as a result of currency manipulation—all with little to no response other than talk from various administrations, regardless of party. If Congress is serious about ‘trade done right,’ enforceable currency provisions—both in U.S. law and in our trade deals—are needed.
Currency legislation, and indeed the entire enforcement bill (S. 1015) reported from the Senate Finance Committee, cannot be left behind as Senate Republicans attempt to advance Fast Track authority. Yesterday, Senate Democrats insisted that all four bills passed by the Senate Finance Committee—Fast Track Trade Promotion Authority, Trade Adjustment Assistance, Preferences, and Customs—must be bundled and considered as a single package. What they demanded yesterday, they should continue to demand today. Those who want to get trade right must demand that Fast Track doesn’t move unless currency and other enforcement tools are included in the package. Anything less leaves America’s workers, domestic producers, and communities behind.”
Contact: Sean Savett (202) 637-5018