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Lawmakers launch new effort to pass China currency bill

Posted on 21 March 2013

A bipartisan group of lawmakers began a new attempt on Wednesday to pass legislation that puts pressure on China to change its currency practices, reviving an effort that previously failed to make it to the finish line.
The legislation, which has 101 co-sponsors, is similar to bills that passed the House of Representatives in 2010 and the Senate in 2011, but ultimately failed to win final congressional approval. It came as Treasury Secretary Jack Lew was wrapping up a two-day visit to China, where he pressed Beijing to allow the yuan to rise further against the dollar………………………………………..Full Article: Source


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