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Wednesday, October 6, 2010

postheadericon Putting a stop to China's currency manipulation (Rep. Timothy Ryan)

Last week, the Currency Reform for Fair Trade Act (H.R. 2378) passed the U.S. House of Representatives by a vote of 348-79, with significant bipartisan support of 249 Democrats and 99 Republicans. This agreement between partiesâ€"rare these days--sends a strong signal to currency manipulators such as the People’s Republic of China that the United States will no longer abide prohibited trade practices that seek to undercut the U.S. economy to gain advantage in the world market.

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