I thought a currency manipulation bill was nearly certain to pass in some form this year.  But this blurb from Forbes casts doubt on the chances.

Mid-November Deadline Seen As Real Hurdle To China Currency Bill This Year
October 26, 2007
Forbes
WASHINGTON - The chances that Congress will be able to organize and approve a China currency bill appear to be dwindling fast in light of a demand from leadership that all non-spending legislation must get sorted out before mid-November, after which members will focus only on spending bills for the rest of the year, congressional sources and others said this week.

We cannot address the trade problems without correcting Asian currency manipulation.  The 40% price advantage caused by China's currency policies causes a large part of our $240 billion or so deficit with that country.  There are few problems more pressing.

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