Ben Cardin: “I am at this time The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mr.…”

“I am at this time The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mr. Cardin moves to recommit the bill H.R. 3283 to the Committee on Ways and Means with instructions that the Committee report the same back to the House forthwith with the following amendment: Strike all after the enacting clause and insert the following: SECTION 1. TREATMENT OF CURRENCY MANIPULATION. (a) Definition of Unjustifiable Acts, Policies, and Practices.--Section 301(d)(4)(B) of the Trade Act of 1974 (19 U.S.C. 2411(d)(4)(B)) is amended to read as follows: ``(B)(i) Acts, policies, and practices that are unjustifiable include, but are not limited to, any act, policy, or practice described in subparagraph (A) which involves currency manipulation, or denies national or most- favored nation treatment or the right of establishment or protection of intellectual property rights. ``(ii) In this subparagraph, the term `currency manipulation' means the protracted large-scale intervention by an authority to undervalue its currency in the exchange market that prevents effective balance of payments adjustment or gains an unfair competitive advantage over the United States.''.…”