S.Res. 270 · 109th Congress

A resolution expressing the sense of the Senate that the International Monetary Fund should investigate whether China is manipulating the rate of exchange between the Chinese yuan and the United States dollar.

Stage
In committee
Sponsor
Evan Bayh
Introduced
2005-10-06
Latest action
2005-10-06 · Introduced in Senate

Summary

Expresses the sense of the Senate that the President should instruct the U.S. Executive Director to the International Monetary Fund to bring a general complaint under the International Monetary Fund's Articles of Agreement against the People's Republic of China (PRC) for manipulating the rate of exchange of its currency against other currencies to gain an unfair trade advantage and to prevent effective balance of payment adjustments.