House and Senate Members Remove Key Currency Provisions from Customs Bill

Stephanie Henry

December 9, 2015

Key Members of the House and Senate have agreed to remove certain currency provisions from a Customs Reauthorization bill. Those measures would have required the US Department of Commerce to levy trade remedies on countries deemed to be undervaluing their currencies. House and Senate Members participating on a conference committee on the bill instead offered text aimed at enhancing monitoring and engagement efforts when countries are found to be manipulating their currencies. Formal dates to approve this version of the bill have not yet been determined, though some reports suggest the House could consider the bill in a matter of days.