Hoyer Statement on Senate Passage of Currency Manipulation Bill

For Immediate Release:

October 11, 2011

Contact:

Katie Grant, 202-225-3130

WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today after the Senate passed the Currency Exchange Rate Oversight Reform Act:

“The Senate’s passage today of the Currency Exchange Rate Oversight Reform Act is a strong statement that we will hold other countries accountable for engaging in currency manipulation. I urge Speaker Boehner and Republican Leader Cantor to allow a vote on this bill in the House, where it received strong, bipartisan support last Congress and, I believe, will pass with wide support this year. Our businesses have what it takes to succeed on a level playing field, and this bill will help them do so. Democrats’ Make It In America plan for job creation, of which this legislation is a part, will get more Americans back to work by helping our businesses innovate and export new products. Sending this bill to the President would be a victory for American businesses and American workers.” 

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