S.1607 - Federal Government - A bill to provide for identification of misaligned currency, require action to correct the misalignment, and for other purposes.

A bill to provide for identification of misaligned currency, require action to correct the misalignment, and for other purposes. 7/31/2007--Reported to Senate amended.    (There is 1 other summary) Currency Exchange Rate Oversight Reform Act of 2007 - (Sec. 3) Directs the Secretary of the Treasury to: (1) report biannually to Congress on international monetary policy and currency exchange rates; and (2) appear, if requested, before certain congressional committees to testify regarding such reports.Prescribes report contents, including: (1) an analysis of currency market developments and the relationship between the U.S. dollar and the currencies of major economies and trading partners of the United States; (2) a review of the economic and monetary policies of major economies and trading partners of the United States and an evaluation of how such policies impact currency exchange rates; and (3) a list of currencies designated as fundamentally misaligned [...]

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