H.R.2378: Currency Reform for Fair Trade Act

About This Bill

Bill Sponsor

Bill Cosponsors

160 (115 Democrats, 46 Republicans)

Bill Summary

Currency Reform for Fair Trade Act - (Sec. 2) Amends the Tariff Act of 1930 to include as a "countervailable subsidy" requiring action under a countervailing duty or antidumping duty proceeding the benefit conferred on merchandise imported into the United States from foreign countries with fundamentally undervalued currency. Defines "benefit conferred," in cases where the currency of a foreign country is exchanged for foreign currency (i.e.,...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 3 statements associated with H.R.2378.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.2378.

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 111-646.
Placed on the Union Calendar, Calendar No. 386.
Rules Committee Resolution H. Res. 1674 Reported to House. Rule provides for consideration of H.R. 847 and H.R. 2378. With respect to H.R. 847, the rule grants a closed rule providing one hour of debate in the House, with 30 minutes equally divided and controlled by the chair and ranking minority member of the Committee on Energy and Commerce, 20 minutes equally divided and controlled by the chair and ranking minority member of the Committee on the Judiciary, and 10 minutes equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.
Rule H. Res. 1674 passed House.
Considered under the provisions of rule H. Res. 1674.
Rule provides for consideration of H.R. 847 and H.R. 2378. With respect to H.R. 847, the rule grants a closed rule providing one hour of debate in the House, with 30 minutes equally divided and controlled by the chair and ranking minority member of the Committee on Energy and Commerce, 20 minutes equally divided and controlled by the chair and ranking minority member of the Committee on the Judiciary, and 10 minutes equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.
DEBATE - Pursuant to the provisions of H.Res. 1674, the House proceeded with one hour of debate on H.R. 2378, as amended.
The previous question was ordered pursuant to the rule.
On passage Passed by recorded vote: 348 - 79 (Roll no. 554).
Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Finance.
May 13, 2009

Introduced in the House by Tim Ryan (D-Ohio)

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