Kevin Brady: “And I am prepared to close if the gentlewoman from New Hampshire is prepared to do so as well. The value of a country's…”

“And I am prepared to close if the gentlewoman from New Hampshire is prepared to do so as well. The value of a country's currency is a complex issue. It is determined by a number of factors: how much a country saves, how much it invests, the strength of its economy, its trade flows in and out. It is a complex issue. Where Republicans and Democrats and the White House find common ground is the desire that countries don't manipulate their currency in order to give themselves an unfair trade advantage. The difference is how best to go about it. And because it is a complex issue, there are some very good ideas on all parties' sides on how best to do that. This motion essentially says to forget those discussions and don't have Republicans and Democrats from the House and Senate work together through this complex issue and find a common solution. This motion simply says to forget all that. There is only one solution, and we insist upon it. End the discussion. I don't think that is the right way to go about it. I think, frankly, there are real serious concerns not just from Republicans, but from the White House on insisting on this one solution. I think our country is better served and those who want to stop currency manipulation are better served by bringing our best ideas together in this conference committee. That is what I am determined to do.…”