Congressional Digest

International Debates Archives November 2010 No. 8 Vol. 8
Honorable Kevin Brady

China's Currency Policy

Trade Imbalances and the Global Economy

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Honorable Kevin Brady

U.S. Representative, Texas, Republican

Representative Brady, of the Eighth District of Texas, was first elected to the U.S. House of Representatives in 1996. He serves on the Ways and Means Committee, where he is the ranking member on the Subcommittee on Trade. The following is excerpted from a September 29, 2010, statement on the floor of the U.S. House of Representatives during debate of H.R. 2378, the Currency Reform for Fair Trade Act. My view is that, on balance, the promises that this bill makes to compel China to appreciate its currency to reduce the trade deficit and to create U.S. jobs won’t be…

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