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Currency Fact of the Week 10/28/09 |
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Written by LNC
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Monday, 02 November 2009 |
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Fair Currency Coalition
FCC "Fact of the Week" for October 28, 2009
MEDIA INQUIRIES: Lloyd Wood, 202.452.0866,
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OTHER INQUIRIES: Charles Blum, 202.904.2475,
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WASHINGTON, DC -- The Fair Currency Coalition's (FCC) semi-regular "Fact of the Week" papers state reasons why it is imperative for Congress to pass the Currency Reform for Fair Trade Act of 2009 (H.R. 2378/S. 1027) to combat prolonged currency misalignment. With U.S. Secretary of Commerce Gary Locke and U.S. Trade Representative Ron Kirk in China for U.S.-China Joint Commission on Commerce and Trade (JCCT) meetings, this week's Fact of the Week, "How intentionally undervalued foreign currency acts as a hidden tax on U.S. exports and contributes to the destruction of millions of U.S. jobs" is especially timely. It is attached and pasted below.
Including its lead sponsors, U.S. Senators Debbie Stabenow (D-MI) and Jim Bunning (R-KY), S. 1027 currently has a combined total of 7 Senate sponsors and cosponsors.
Including its lead sponsors, U.S. Representatives Tim Ryan (D-OH) and Tim Murphy (R-PA), H.R. 2378 currently has a combined total of 69 House sponsors and cosponsors.
The FCC is an alliance of industry, agriculture, and worker organizations whose mission is to support production in and export from the United States by seeking an end to the practice of currency misalignment by any trading partner. You can visit the FCC's website at www.faircurrency.org <http://www.faircurrency.org/> .
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March 2-4, The Coalition for a Prosperous America
Legislative Fly-In
CPA will hold its Second Annual Legislative Fly-In on
March 2-4, 2010. This is a powerful opportunity for us to work
together to advance trade reform in the halls of Congress. We need to
bring the concerns of the grass roots to our legislators.
This is efficient advocacy, well worth your time. We make all the
meeting arrangements with legislators or their staff, we put together
materials, we plan a message, and we pack meetings together in a
concentrated period of time. You make a bigger impact with your time
using only three of the 365 days in the year.
Click here to sign up for the CPA Fly In.
CPA has a special offer--limited time only: the first 50 registrants
get a free copy of Ian Fletcher's new book: Free Trade Doesn't Work.
This is a highly acclaimed book about trade policy and the needed
changes therein.
Agenda:
March 2, 2010: 2p to 6p - Group meeting for training, talking points and team assignments
March 3-4, 2010: Hill visits
Place: Capitol Skyline Hotel, 10 I ("Eye") Street SW, Washington, DC 20024
Once you sign up with CPA, reserve your room at the Capitol Skyline
Hotel by calling 202.488.7500. You should book for the evenings of
March 2 and March 3.
If you have questions about the events, please call Sara Haimowitz,
Development Coordinator, at 413-203-1410 or email at
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