BROWN: Cracking down on currency manipulation

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BROWN: Cracking down on currency manipulation

News Democrat – The biggest jobs bills to pass this session of Congress – one with the potential of creating or saving two million jobs with no cost to taxpayers – passed the Senate this week with strong bipartisan support.

This bipartisan legislation, the Currency Exchange Rate Oversight Reform Act of 2011, which I introduced and cleared the Senate by a 63-35 vote, addresses one of the biggest challenges facing Ohio manufacturers – unfair competition with Chinese products that are flooding our markets and priced artificially low due to the Chinese government’s undervaluation of its currency.

The problem is clear: some of our global competitors – like China – are not playing by the rules.

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