Political Quotes

“I am. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mr. Levin moves to recommit the bill H.R. 3078 to the Committee on Ways and Means with instructions to report the same back to the House forthwith with the following amendments: At the end of the bill, add the following: TITLE VII--CURRENCY REFORM FOR FAIR TRADE ACT SEC. 701. SHORT TITLE. This title may be cited as the ``Currency Reform for Fair Trade Act''. SEC. 702. CLARIFICATION REGARDING DEFINITION OF COUNTERVAILABLE SUBSIDY. (a) Benefit Conferred.--Section 771(5)(E) of the Tariff Act of 1930 (19 U.S.C. 1677(5)(E)) is amended-- (1) in clause (iii), by striking ``and'' at the end; (2) in clause (iv), by striking the period at the end and inserting ``, and''; and (3) by inserting after clause (iv) the following new clause: ``(v) in the case in which the currency of a country in which the subject merchandise is produced is exchanged for foreign currency obtained from export transactions, and the currency of such country is a fundamentally undervalued currency, as defined in paragraph (37), the difference between the amount of the currency of such country provided and the amount of the currency of such country that would have been provided if the real effective exchange rate of the currency of such country were not undervalued, as determined pursuant to paragraph (38).''. (b) Export Subsidy.--Section 771(5A)(B) of the Tariff Act of 1930 (19 U.S.C.…”