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AFL-CIO Now

Senate Votes Today on China Currency

The U.S. Senate today will vote on a bill (S. 1619) to hold China accountable for its job-killing practice of currency manipulation. According to new data, 2.8 million American jobs were lost or displaced over the past decade due to the growing U.S. trade deficit with China—fueled by Chinese currency manipulation. (Call your senators today and urge them to vote for S. 1619 or click HERE to e-mail your senators.)

A filibuster against the China currency bill was broken Oct. 6 (63-28). But the vote on final passage was delayed last week when Republicans tried to attach a series of weakening amendments.

 

If the bill, which has bipartisan support, doesn’t fall victim to political games, it will be up to the House to act. But Speaker John Boehner (R-Ohio) is holding up the House version of the legislation, even though it passed the House with overwhelming bipartisan support in 2010, with 99 Republicans supporting it.

Every state in the nation has experienced job losses as a result of the growing U.S. trade deficit with China. California and Texas lead the pack in highest net losses, according to the Alliance for American Manufacturing (AAM). Click here for AAM’s interactive map to find out how many jobs your state has lost because of the nation’s trade deficit with China.  

Last week, the Coalition for a Prosperous America, a bipartisan group of small businesses, manufacturers and unions, sent a message to Boehner demanding a House vote on the bill. At the group’s Dayton, Ohio, Trade and Manufacturing Summit that drew 150 members, there were only two votes against the action.

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