A resolution to encourage the Secretary of the Treasury to initiate expedited negotiations with the People's Republic of China on establishing a market-based currency valuation and to fulfill its commitments under international trade agreements.

Urges the Secretary of the Treasury to initiate negotiations with the Government of the People's Republic of China to ensure a market-based exchange rate valuation to permit effective balance of payments adjustments and to eliminate any unfair advantage.

Encourages China to continue to act on its commitments to the trade rules and principles of the international community of which it is now a member.