facebooktwitterRSS
- Advertisement -
- Advertisement -
 

« News Home

Ryan's Fair Trade bill scores big win for US workers; faces Senate hurdle



Published: Fri, October 1, 2010 @ 6:30 a.m.

washington

U.S. Rep. Tim Ryan of Niles, D-17th, scored a major legislative victory this week with the passage of his Currency Reform for Fair Trade Act.

The bipartisan bill, which would allow the U.S. to crack down on Chinese currency manipulation, cleared the House with a 348-79 vote Wednesday evening.

Introduced by Ryan and U.S. Rep. Tim Murphy of Pennsylvania, R-18th, last year, the legislation had 159 co-sponsors in the House and garnered support from domestic manufacturers, the United Steelworkers union and several trade

organizations including the American Iron and Steel

Institute and the Alliance for American Manufacturing.

The bill directs the U.S. Department of Commerce to treat foreign currency manipulation as an illegal subsidy and respond by

imposing countervailing duties on imports from countries that undervalue their currency.

“This was a very courageous step on behalf of the Democrats in Congress,” Ryan said in a press-

conference call Thursday. “This will drive investment back into the U.S.”

For the full story, read today's Vindicator or Vindy.com.


Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.

News
Opinion
Entertainment
Sports
Services
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes