Latest action: Placed on the Union Calendar, Calendar No. 611.
Bill is filed in its originating chamber and assigned a number.
Sponsor
Pete Sessions (R-TX)
Filed in the House.
Next: In Committee
Members of the committee(s) the bill was referred to
Requires accountability measures for China's currency exchange rate practices.
The problem
The US claims China artificially controls its currency to gain unfair trade advantages. This allegedly hurts American workers and businesses competing globally.
The proposal
The bill establishes monitoring and accountability mechanisms for Chinese exchange rate practices and may authorize trade actions if violations occur.
The impact
American exporters, manufacturers, workers, and consumers could be affected. Trade relationships with China may change. Currency markets could experience volatility.
Addresses concerns that China artificially weakens its currency to make exports cheaper and imports more expensive. Could level the playing field for American manufacturers competing internationally.
May help protect American manufacturing jobs from unfair currency manipulation. Workers in export industries could face fewer layoffs if competition becomes fairer.
Creates clearer rules and monitoring of currency practices. Increases accountability through documented oversight mechanisms.
Currency manipulation has been a concern across both political parties. Addresses long-standing complaints about trade imbalances.
Could escalate tensions with China and lead to retaliatory trade actions. May increase costs for American consumers through higher tariffs.
Currency values are complex and influenced by many factors beyond government control. Accountability measures may not actually change exchange rates or trade balances.
Creates uncertainty for American companies doing business with China. May discourage investment and partnerships with Chinese firms.
If trade disputes occur, prices on Chinese goods could rise for American shoppers. Families may pay more for everyday products.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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