Sen. Snowe: U.S. Must Hold China Accountable for Breaking the Rules

U.S. Senator Olympia J. Snowe (R-Maine) spoke on the Senate Floor October 3rd after voting to move to legislation holding China accountable for unfair trade practices, specifically China's currency manipulation that has undercut U.S. companies' ability to compete on a level playing field. The Currency Exchange Rate Oversight Reform Act contains Senator Snowe's legislation, authored with Sen. Sherrod Brown (D-Ohio), to direct the U.S. Commerce Department to investigate allegations that currency undervaluation provides an illegal subsidy at the expense of American jobs.

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News & Politics

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• senate
• floor
• 30pm
• 10
• snowechinacurrency2
• 2011