Political Quotes

“I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To make it a principal negotiating objective of the United States to address currency manipulation in trade agreements) In section 102(b), strike paragraph (11) and insert the following: (11) Currency manipulation.--The principal negotiating objective of the United States with respect to unfair currency exchange practices is to target protracted large- scale intervention in one direction in the exchange markets by a party to a trade agreement to gain an unfair competitive advantage in trade over other parties to the agreement, by establishing strong and enforceable rules against exchange rate manipulation that are subject to the same dispute settlement procedures and remedies as other enforceable obligations under the agreement and are consistent with existing principles and agreements of the International Monetary Fund and the World Trade Organization. Nothing in the previous sentence shall be construed to restrict the exercise of domestic monetary policy. The PRESIDING OFFICER. The Senator from Ohio. Amendment No. 1251 to Amendment No. 1221”