H.R. 2934 (99th): Fair Rate of Exchange Act

Introduced:
Jul 09, 1985 (99th Congress, 1985–1986)
Status:
Died (Referred to Committee)
Sponsor
Berkley Bedell
Representative for Iowa's 6th congressional district
Party
Democrat
Related Bills
H.R. 4800 (Related)
Trade and International Economic Policy Reform Act of 1986

Passed House
Last Action: May 22, 1986

 
Status

This bill was introduced on July 9, 1985, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 09, 1985
Referred to Committee Jul 09, 1985
 
Full Title

A bill to ameliorate the adverse economic effects resulting from the overvaluation of the United States dollar.

Summary

No summaries available.

Cosponsors
none
Committees

House Foreign Affairs

House Ways and Means

Trade

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


7/9/1985--Introduced.
Fair Rate of Exchange Act - Imposes a currency equalization contribution (in addition to any customs duty or fee) on any article imported into the United States. Sets the amount of such contribution as a specified currency equalization percentage of the customs valuation of the imported article.
Establishes within the Treasury an Exchange Rate Equalization Fund. Provides that all such currency equalization contributions shall be deposited in such Fund. Allows a manufacturer, producer, or grower of a product of the United States, upon the exportation of that product from the United States, to apply to the Secretary of Commerce for a currency equalization payment for the product.
Provides that such payments shall be made from the Fund. Specifies the dollar appreciation percentage or the ratio of the U.S. merchandise trade balance to the gross national product that would trigger the termination of this Act.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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