Also tagged in: Agriculture, Agriculture in foreign trade, Air pollution, Balance of payments, Barley, Boundaries, Canada, Civil liberties, Communications, Congress, Congressional oversight, Congressional reporting requirements, Congressional-executive relations, Customs unions, Democracy, Drug abuse, Drug traffic, Elections, Employee rights, Environmental protection, Exports, Food, Food safety, Foreign exchange, Foreign exchange rates, Foreign policy, Foreign trade promotion, Free trade, Freedom of speech, Freedom of the press, Human rights, Import restrictions, Imports, Industrial pollution, International affairs, International finance, Job creation, Labor, Latin America, Law, Mexico, Politics and government, Presidents, Right of assembly, Rule of law, Tariff, Trade, Trade agreements, Trade negotiations, Water pollution, Wheat
Latest Action: 12/06/2007 - Referred to the House Committee on Ways and Means. Bill TextTo assess the impact of the North American Free Trade Agreement (NAFTA), to require further negotiation of certain provisions of the NAFTA, and to provide for the withdrawal from the NAFTA unless certain conditions are met. 12/6/2007--Introduced. NAFTA Accountability Act - Provides that unless the specified conditions set forth in this Act are met: (1) Congress withdraws its approval of the North American Free Trade Agreement (NAFTA) effective October 1, 2009; and (2) the President, not later than April 1, 2009, shall provide written notice of withdrawal to the governments of Canada and Mexico. Expresses the sense of Congress that the President should not engage in negotiations to expand NAFTA to include other countries and that trade promotion authority should not be renewed with respect to the approval of any such NAFTA expansion.
Also tagged in: Balance of payments, Congress, Congress and foreign policy, Congressional reporting requirements, East Asia, Europe, European Union, Foreign exchange, Foreign exchange rates, Foreign policy, International affairs, International competitiveness, International finance, International monetary system, Japan, Nontariff trade barriers, Trade, Trade negotiations
Latest Action: 06/27/2007 - Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the commit Bill TextTo address the exchange-rate misalignment of the Japanese yen with respect to the United States dollar, and for other purposes. 6/27/2007--Introduced. Japan Currency Manipulation Act - Directs the Secretary of the Treasury to report to Congress on: (1) currency intervention by Japan with respect to the rate of exchange of the Japanese yen and the U.S. dollar and other currencies since 2000; and (2) any effort by Japan to create an exchange-rate misalignment of the Japanese yen with respect to the U.S. dollar and other currencies since March 2004. Requires the Secretary to submit to Congress a proposal for a comprehensive joint U.S.-European Union plan to address the exchange-rate misalignment of the Japanese yen with respect to the U.S. dollar and other currencies. Directs the Secretary to: (1) initiate consultations with Japan to decrease Japan's foreign currency reserve holdings to permit effective balance of payments adjustments and to eliminate its unfair [...] show full description
Also tagged in: American investments, Balance of payments, Banks and banking, China, Congress, Congressional oversight, Congressional reporting requirements, East Asia, Economic growth, Economic policy, Finance, Financial services, Foreign exchange, Foreign exchange rates, Foreign policy, Foreign trade promotion, Governmental investigations, International affairs, International competitiveness, International finance, International monetary system, Legislative resolutions, Negotiations, Subsidies, Trade
Latest Action: 08/01/2007 - Committee on Banking, Housing, and Urban Affairs. Date of scheduled consideration. SD-538. 9:30 a.m. Bill TextA bill to amend the Exchange Rates and International Economic Coordination Act of 1988 and for other purposes. 6/21/2007--Introduced. Currency Reform and Financial Markets Access Act of 2007 - Amends the Exchange Rates and International Economic Policy Coordination Act of 1988 to revise U.S. policy provisions by urging: (1) the United States, and other major industrialized countries, to work together to ensure that the exchange rate of the currencies of major trading nations and the U.S. dollar reflect market forces and contribute to the growth and balance of the international economy; and (2) the United States to take appropriate action to ensure that U.S. trading partners are not engaged in hidden or unfair subsidies through management of their currency or international exchange rates. Revises a certain annual analysis the Secretary of the Treasury (Secretary) must make with respect to the exchange rate policies of foreign countries to include an analysis of whether [...] show full description
Also tagged in: Balance of payments, Congress, Congress and foreign policy, Congressional reporting requirements, East Asia, Europe, European Union, Foreign exchange, Foreign exchange rates, Foreign policy, International affairs, International competitiveness, International finance, International monetary system, Japan, Nontariff trade barriers, Trade, Trade negotiations
Latest Action: 03/28/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to address the exchange-rate misalignment of the Japanese yen with respect to the United States dollar, and for other purposes. 3/28/2007--Introduced. Japan Currency Manipulation Act - Directs the Secretary of the Treasury to report to Congress on: (1) currency intervention by Japan with respect to the rate of exchange of the Japanese yen and the U.S. dollar and other currencies since 2000; and (2) any effort by Japan to create an exchange-rate misalignment of the Japanese yen with respect to the U.S. dollar and other currencies since March 2004. Requires the Secretary to submit to Congress a proposal for a comprehensive joint U.S.-European Union plan to address the exchange-rate misalignment of the Japanese yen with respect to the U.S. dollar and other currencies. Directs the Secretary to: (1) initiate consultations with Japan to decrease Japan's foreign currency reserve holdings to permit effective balance of payments adjustments and to eliminate its [...] show full description
Also tagged in: Air pollution, Alcohol as fuel, Alternative energy sources, Armed forces, Automobile engines, Automobile industry, Automobiles, Balance of payments, Biomass energy, Budgets, Business, Cartels, Cellulose, Cost effectiveness, Defense budgets, Defense economics, Defense policy, Diesel motor, Diplomacy, Economic policy, Energy, Energy demand, Energy prices, Energy security, Energy supplies, Environmental protection, Executive departments, Executive Office of the President, Executive reorganization, Export controls, Exports, Finance, Foreign policy, Fuel consumption, Gas in submerged lands, Gross national product, Income tax, Interstate highway system, Marine resources, Motor vehicle pollution control, National security, Natural resources, Oil pollution, Oil well drilling, OPEC countries, Petroleum in submerged lands, Pipelines, Prospecting, Service stations, Standards, Tax credits, Taxation, Territorial waters, Trade, Traffic accidents and safety, Transportation, Trucks, Water pollution
Latest Action: 06/12/2007 - Sponsor introductory remarks on measure. (CR S7508-7511) Bill TextA bill to improve energy security of the United States through a 50 percent reduction in the oil intensity of the economy of the United States by 2030 and the prudent expansion of secure oil supplies, to be achieved by raising the fuel efficiency of the vehicular transportation fleet, increasing the availability of alternative fuel sources, fostering responsible oil exploration and production, and improving international arrangements to secure the global oil supply, and for other purposes. 3/14/2007--Introduced. Security and Fuel Efficiency Energy Act of 2007 or the SAFE Energy Act of 2007 - Amends corporate average fuel economy (CAFE) provisions to revise the definition of: (1) "automobile" to mean any vehicle that is propelled by fuel, or by alternative fuel, and is manufactured primarily for use on public streets, roads, and highways (currently, four-wheeled vehicles that are so propelled and manufactured for such use and that are up to 6,000 pounds and certain [...] show full description
Also tagged in: Armed forces, Balance of payments, Canada, China, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Countervailing duties, Defense economics, Defense procurement, East Asia, Export subsidies, Foreign exchange, Foreign exchange rates, Foreign policy, Governmental investigations, Import relief, International affairs, International finance, International monetary system, Latin America, Mexico, Public contracts, Trade, Trade negotiations, Weapons systems
Latest Action: 03/07/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend title VII of the Tariff Act of 1930 to provide that exchange-rate misalignment by any foreign nation is a countervailable export subsidy, to amend the Exchange Rates and International Economic Policy Coordination Act of 1988 to clarify the definition of manipulation with respect to currency, and for other purposes. 3/7/2007--Introduced. Fair Currency Act of 2007 - Amends the Tariff Act of 1930 to expand the authority of the administering authority or the International Trade Commission (ITC) to impose countervailing duties on products from a nonmarket economy country that have been provided a countervailable subsidy. Includes exchange-rate misalignment (undervaluation of a foreign currency) by a country as a countervailable subsidy. Requires the administering authority to use methodologies that measure certain benchmarks outside of a nonmarket economy country where exchange-rate misalignment exists when measuring the benefit of a countervailable subsidy bestowed [...] show full description
Also tagged in: Air pollution, Automobile industry, Automobiles, Balance of payments, Business, Cartels, Congress, Congressional reporting requirements, Consumers, Cost effectiveness, Defense policy, Economic policy, Energy, Energy demand, Energy efficiency, Energy prices, Energy security, Energy supplies, Environmental protection, Finance, Foreign policy, Fuel consumption, Gasoline, Gross national product, Imports, International affairs, Judicial review, Law, Motor vehicle pollution control, Motor vehicle safety, National security, Oil pollution, OPEC countries, Pipelines, Standards, Terrorism, Trade, Transportation, Water pollution
Latest Action: 03/06/2007 - Sponsor introductory remarks on measure. (CR S2700-2701) Bill TextA bill to increase fuel economy standards for automobiles and for other purposes. 3/6/2007--Introduced. Fuel Economy Reform Act - Amends federal transportation law to: (1) revise the definitions of automobile to require including all automobiles up to 10,000 pounds (currently, not all automobiles up to 10,000 pounds are required to be included in the definition) and passenger automobiles to eliminate the exclusion for automobiles capable of off-highway operation; and (2) continue applying the current minimum corporate average fuel economy (CAFE) standards for non-passenger and passenger automobiles to automobiles manufactured through model year 2012, but, for passenger automobiles, adds an increase of four percent per year in such standard for model years 2010 through 2012. Requires an average fuel economy standard of 27.5 miles per gallon for all automobiles manufactured by all manufacturers for model year 2013, with an increase of four percent in the average fuel [...] show full description
Also tagged in: Balance of payments, Business, Capital movements, Congress, Congressional agencies, Congressional investigations, Congressional reorganization, Congressional reporting requirements, Debt, Economic policy, Economic statistics, Employment, Executive departments, Federal advisory bodies, Finance, Government information, Government paperwork, Government statistics, Gross national product, Income, Industrial production, Inflation, International finance, Labor, Labor statistics, Saving and investment, Trade, Unemployment, Wages, Wealth
Latest Action: 03/27/2007 - Referred to the Subcommittee on Government Management, Organization, and Procurement. Bill TextTo establish the Commission on Economic Indicators to conduct a study and submit a report containing recommendations concerning the appropriateness and accuracy of the methodology, calculations, and reporting used by the Government relating to certain economic indicators. 2/16/2007--Introduced. Commission on Economic Indicators Act of 2007 - Establishes the Commission on Economic Indicators to study and report to Congress on: (1) economic statistics collected and reported by U.S. government agencies, including national income, employment and unemployment, wages, personal income, wealth, savings, debt, productivity, inflation, and international trade and capital flows; and (2) ways to improve the related statistical measurements.
Also tagged in: Armed forces, Balance of payments, Canada, China, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Countervailing duties, Defense economics, Defense procurement, East Asia, Export subsidies, Foreign exchange, Foreign exchange rates, Foreign policy, Governmental investigations, Import relief, International affairs, International finance, International monetary system, Latin America, Mexico, Public contracts, Trade, Trade negotiations, Weapons systems
Latest Action: 04/12/2007 - Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Bill TextTo amend title VII of the Tariff Act of 1930 to provide that exchange-rate misalignment by any foreign nation is a countervailable export subsidy, to amend the Exchange Rates and International Economic Policy Coordination Act of 1988 to clarify the definition of manipulation with respect to currency, and for other purposes. 1/31/2007--Introduced. Fair Currency Act of 2007 - Amends the Tariff Act of 1930 to expand the authority of the administering authority or the International Trade Commission (ITC) to impose countervailing duties on products from a nonmarket economy country that have been provided a countervailable subsidy. Includes exchange-rate misalignment (undervaluation of a foreign currency) by a country as a countervailable subsidy. Requires the administering authority to use methodologies that measure certain benchmarks outside of a nonmarket economy country where exchange-rate misalignment exists when measuring the benefit of a countervailable subsidy bestowed on [...] show full description
Also tagged in: Balance of payments, Congress, Congressional agencies, Congressional investigations, Congressional publicity, Congressional reorganization, Congressional reporting requirements, Dispute settlement, Economic impact statements, Economic policy, Employee rights, Environmental protection, Foreign policy, Government information, International affairs, International agencies, Labor, Legislation, Nontariff trade barriers, Tariff, Trade, Trade agreements, Trade negotiations
Latest Action: 01/30/2007 - Referred to the Subcommittee on Trade. Bill TextTo establish a Congressional Trade Office. 1/18/2007--Introduced. Establishes the Congressional Trade Office to advise Congress on trade policy.
Latest Action: 07/12/2007 - Sponsor introductory remarks on measure. (CR H7764-7765) Bill TextTo require that, in cases in which the annual trade deficit between the United States and another country is $10,000,000,000 or more for 3 consecutive years, the President take the necessary steps to create a more balanced trading relationship with that country. 1/4/2007--Introduced. Balancing Trade Act of 2007 - Requires the President, if in three consecutive calendar years the United States has a trade deficit with another country of $10 billion or more, to take the necessary steps to create a trading relationship that would eliminate or substantially reduce that trade deficit by entering into an agreement with that country.
Also tagged in: Air pollution, Air pollution control, Alternative energy sources, Balance of payments, Economic growth, Economic policy, Energy, Energy efficiency, Energy prices, Energy research, Energy security, Energy supplies, Environmental protection, Foreign policy, Fossil fuels, International affairs, International cooperation, Planning, Science policy, Trade
Latest Action: 06/25/2007 - Sponsor introductory remarks on measure. (CR H7065-7068) Bill TextExpressing the sense of the House of Representatives that the United States, in collaboration with other international allies, should establish an energy project with the magnitude, creativity, and sense of urgency that was incorporated in the "Man on the Moon" project address the inevitable challenges of "Peak Oil". 1/4/2007--Introduced. Expresses the sense of the House of Representatives that the United States: (1) must move rapidly to increase the productivity with which it uses fossil fuel, and to accelerate the transition to renewable fuels and a sustainable, clean energy economy; and (2) should establish, in collaboration with other international allies, an energy project with the magnitude, creativity, and sense of urgency of the "Man on the Moon" project to develop a comprehensive plan to address the challenges presented by Peak Oil (the peak in the world's oil production believed by some petroleum experts likely to occur in the next decade).
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