(Click here to tell your Representative to sponsor the currency bill. Its really working).
The Currency Reform for Fair Trade Act (HR 1276) is gaining co-sponsors at a rapid clip, from both parties. This is the same bill that passed the House in 2010 by a wide bi-partisan margin.
As of last Friday, there were already 80 co-sponsors of HR 1276, which is really great after only about a month! CPA members have been advocating this bill in person, and through online actions, for a few weeks. And its working.
CPA’s discussions with Congress and those inside the beltway reveal that there seems to be more momentum for a currency fix than in the past couple of years. Why?
1. Global currency market intervention, and currency reserves, by foreign governments is on the increase.
2. Reports show that 60% of global trade is with countries that manipulate their currency.
3. Japan is joining the Trans Pacific Partnership negotiations. Japan’s yen has been devalued by 20% in the last few months due to government (direct and/or indirect) action.
4. The WTO and IMF simply won’t solve the issue. The issue needs to be forced through unilateral or regional coalition action.
The big issue is that we are in a new world of competitive currency devaluation… or currency wars. Obama’s Treasury Department has been a real problem in helping come to a solution, because they distract us with promises of dialogue with rogue currency manipulating nations. House leadership has been no better.
But we are going to win this fight. The momentum is on our side.
Here are the current list of HR 1276 sponsors, in addition to lead sponsor Sander Levin (MI-09):
Rep Braley, Bruce L. [IA-1] – 4/17/2013
Rep Brooks, Mo [AL-5] – 3/20/2013
Rep Capito, Shelley Moore [WV-2] – 3/20/2013
Rep Cicilline, David N. [RI-1] – 4/17/2013
Rep Coble, Howard [NC-6] – 3/20/2013
Rep Cohen, Steve [TN-9] – 4/17/2013
Rep Collins, Chris [NY-27] – 4/25/2013
Rep Connolly, Gerald E. [VA-11] – 4/25/2013
Rep Conyers, John, Jr. [MI-13] – 3/20/2013
Rep Cooper, Jim [TN-5] – 3/20/2013
Rep Crawford, Eric A. “Rick” [AR-1] – 4/17/2013
Rep Cummings, Elijah E. [MD-7] – 3/20/2013
Rep DeFazio, Peter A. [OR-4] – 3/20/2013
Rep DeLauro, Rosa L. [CT-3] – 4/25/2013
Rep Dingell, John D. [MI-12] – 3/20/2013
Rep Doyle, Michael F. [PA-14] – 4/17/2013
Rep Edwards, Donna F. [MD-4] – 4/25/2013
Rep Ellison, Keith [MN-5] – 3/20/2013
Rep Enyart, William L. [IL-12] – 3/20/2013
Rep Fitzpatrick, Michael G. [PA-8] – 4/17/2013
Rep Foster, Bill [IL-11] – 3/20/2013
Rep Fudge, Marcia L. [OH-11] – 4/25/2013
Rep Gibson, Christopher P. [NY-19] – 4/17/2013
Rep Green, Gene [TX-29] – 4/17/2013
Rep Griffith, H. Morgan [VA-9] – 3/20/2013
Rep Grijalva, Raul M. [AZ-3] – 3/20/2013
Rep Grimm, Michael G. [NY-11] – 4/25/2013
Rep Gutierrez, Luis V. [IL-4] – 4/17/2013
Rep Hanabusa, Colleen W. [HI-1] – 4/17/2013
Rep Harper, Gregg [MS-3] – 3/20/2013
Rep Higgins, Brian [NY-26] – 3/20/2013
Rep Johnson, Bill [OH-6] – 3/20/2013
Rep Johnson, Eddie Bernice [TX-30] – 4/25/2013
Rep Johnson, Henry C. “Hank,” Jr. [GA-4] – 4/16/2013
Rep Jones, Walter B., Jr. [NC-3] – 3/20/2013
Rep Joyce, David P. [OH-14] – 4/16/2013
Rep Kaptur, Marcy [OH-9] – 3/20/2013
Rep Langevin, James R. [RI-2] – 4/17/2013
Rep Lewis, John [GA-5] – 4/16/2013
Rep Lipinski, Daniel [IL-3] – 3/20/2013
Rep Loebsack, David [IA-2] – 4/17/2013
Rep Lynch, Stephen F. [MA-8] – 3/20/2013
Rep Marino, Tom [PA-10] – 4/17/2013
Rep Markey, Edward J. [MA-5] – 4/17/2013
Rep McCollum, Betty [MN-4] – 4/17/2013
Rep McGovern, James P. [MA-2] – 4/25/2013
Rep McHenry, Patrick T. [NC-10] – 3/20/2013
Rep McKinley, David B. [WV-1] – 3/20/2013
Rep Meehan, Patrick [PA-7] – 3/20/2013
Rep Michaud, Michael H. [ME-2] – 3/20/2013
Rep Miller, George [CA-11] – 3/20/2013
Rep Murphy, Tim [PA-18] – 3/20/2013
Rep Nadler, Jerrold [NY-10] – 4/16/2013
Rep Norton, Eleanor Holmes [DC] – 4/25/2013
Rep Nugent, Richard B. [FL-11] – 4/16/2013
Rep Owens, William L. [NY-21] – 3/20/2013
Rep Peters, Gary C. [MI-14] – 4/16/2013
Rep Pocan, Mark [WI-2] – 3/20/2013
Rep Quigley, Mike [IL-5] – 4/16/2013
Rep Rangel, Charles B. [NY-13] – 3/20/2013
Rep Rigell, E. Scott [VA-2] – 4/25/2013
Rep Roby, Martha [AL-2] – 4/25/2013
Rep Rogers, Mike J. [MI-8] – 4/17/2013
Rep Ryan, Tim [OH-13] – 3/20/2013
Rep Sanchez, Loretta [CA-46] – 4/17/2013
Rep Sarbanes, John P. [MD-3] – 4/25/2013
Rep Schwartz, Allyson Y. [PA-13] – 3/20/2013
Rep Sensenbrenner, F. James, Jr. [WI-5] – 4/17/2013
Rep Shea-Porter, Carol [NH-1] – 3/20/2013
Rep Slaughter, Louise McIntosh [NY-25] – 3/20/2013
Rep Thompson, Glenn [PA-5] – 3/20/2013
Rep Tonko, Paul [NY-20] – 4/17/2013
Rep Tsongas, Niki [MA-3] – 4/25/2013
Rep Turner, Michael R. [OH-10] – 3/20/2013
Rep Van Hollen, Chris [MD-8] – 4/25/2013
Rep Visclosky, Peter J. [IN-1] – 3/20/2013
Rep Welch, Peter [VT] – 3/20/2013
Rep Wittman, Robert J. [VA-1] – 4/17/2013
Rep Yarmuth, John A. [KY-3] – 4/17/2013
Rep Young, Don [AK] – 3/20/2013
