Pelosi Statement on Senate Passage of China Currency Bill

Contact: Nadeam Elshami/Drew Hammill, 202-226-7616

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today after the Senate passed the bipartisan Currency Reform for Fair Trade Act:

“Today’s strong bipartisan vote in the Senate to pass China currency legislation is a step forward for American workers, American manufacturers, and American competitiveness. This legislation has the potential to create more than one million jobs here at home.

“The United States must demand that the Chinese government take its thumb off the scale and allow its currency to respond to market forces. For too long, the Chinese government has manipulated the value of its currency, harming U.S. manufacturers and costing American jobs.

“Last year, the Democratic House passed similar legislation with a broad bipartisan vote, and today it enjoys the support of a majority of House Members. The Republican Leadership is thwarting the will of the House by blocking a vote on this jobs bill. I call on Speaker Boehner to listen to the American people and bring this bill to the floor and allow it to receive the bipartisan vote it deserves.”

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