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

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

Passed House
Last Action: May 22, 1986


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

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.


No summaries available.


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House Ways and Means


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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

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

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

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No summary available.

House Democratic Caucus Summary

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