Currency Fact of the Week 10/28/09 PDF Print E-mail
Written by LNC   
Monday, 02 November 2009

Fair Currency Coalition

FCC "Fact of the Week" for October 28, 2009

MEDIA INQUIRIES:  Lloyd Wood, 202.452.0866, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
OTHER INQUIRIES: Charles Blum, 202.904.2475, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
 
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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