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Senate Defeats Portman-Stabenow Currency Amendment, Approves Hatch Alternative

May 22, 2015 at 6:07 PM
The Senate this evening defeated by a vote of 48 to 51 a currency amendment (S.A. 1299) to the Trade Promotion Authority (TPA) bill that was sponsored by Sen. Rob Portman (R-OH) and Debbie Stabenow (D-MI) and would have instructed U.S. negotiators to seek enforceable disciplines against currency manipulation in future trade agreements. Immediately prior, the Senate approved by a vote of 70 to 29 a currency amendment (S.A. 1411) sponsored by Senate Finance Committee Chairman Orrin Hatch (R-UT) and...

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