“NO” on S.1619, Currency Exchange Rate Oversight Reform Act
This week, the Senate will vote on S.1619, the Currency Exchange Rate Oversight Reform Act, which penalizes “nonmarket” economies – i.e. China – for currency manipulation. This legislation would harm American consumers at a time when our economy can least afford it and has the potential to start a trade war which would further hinder our economy. Further, there is no evidence to suggest the value of China’s currency has any real impact on American job creation.
Heritage Actions opposes S.1619 and will include it as a key vote in our scorecard.