CPA Official Statement:

Bill can be read here:

S. 3134 The Currency Exchange Rate Oversight Reform Act of 2010

The Coalition for a Prosperous America welcomes the introduction of S. 3134 – The Currency Exchange Rate Oversight Reform Act of 2010 – by Senators Schumer, Stabenow and Graham.  This bill has many good elements, and CPA looks forward to improving it.

Currency manipulation by several countries, including but not limited to China, is causing persistent trade deficits.  It is not the only cause of our trade problems, but it is a substantial one.  Free trade cannot exist when currencies are manipulated.   More