US Senators from NC Team Up on Bipartisan Bill

United States Senators Kay Hagan and Richard Burr from North Carolina are calling for Democrats and Republicans to put politics aside and vote in favor of legislation that will crack down on China’s currency manipulation.  Unfair currency manipulation costs American jobs.  North Carolina alone has lost over 100,000 jobs to unfair trade with China.  “I’m drawing a line in the sand for North Carolina. China’s currency manipulation costs America jobs,” said Hagan.   On September 22, Hagan joined Senator Richard Burr and a bipartisan group of senators in unveiling The Currency Exchange Rate Oversight Act of 2011. The bill makes changes to U.S. trade law to counter the economic harm to U.S. manufacturers caused by currency manipulation. It would ensure tools that could be used to counter the economic harm to U.S. manufacturers caused by currency manipulation.