Conference Report on H.R. 644, Trade Facilitation and Trade Enforcement Act of 2015by Representative Chris Van Hollen
Posted on 2015-12-11
in the house of representatives
Friday, December 11, 2015
Mr. VAN HOLLEN. Mr. Speaker, I rise to raise my opposition to H.R.
644 the Trade Facilitation and Trade Enforcement Act of 2015.
In August, China devalued the renmibi by 4.4 percent which caused a drastic drop in the U.S. stock market. Currency manipulation has real life consequences and affects U.S. jobs and our economy. When China devalues their currency, U.S. exports rise in price and our workers and consumers suffer.
Considering the implications of currency manipulation, it is baffling that this bill does not have any Currency CVD provisions but instead inserts legally insignificant terms that are unenforceable. Rather than focus on protecting the American economy and jobs, Republicans have used H.R. 644 to weaken CVD provisions, eliminate text which prohibits imports made by forced or child labor and to insert partisan language to limit future discussions on climate change.
What started as a strong bill with wide bipartisan support has degenerated into a weak bill that does not shield our economy from the machinations of foreign governments. And for that Mr. Speaker, I must oppose this legislation.
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