Ways & Means, Finance Battle Over Currency Amendments In Markups

This week's markups of legislation to renew fast-track negotiating authority for up to five years and a customs reauthorization bill in both congressional trade committees brought to the forefront a debate over whether and how Congress should respond to foreign currency manipulation. The April 23 House Ways & Means Committee markup of the fast-track bill included a fight over three currency amendments sponsored by Democrats, all of which were defeated largely along party lines. By contrast, the Finance Committee on...