On behalf of the 850,000 members of the United Steelworkers union (the USW), I write in strong support of the Chairman’s amendment in the nature of a substitute to the Currency Reform for Fair Trade Act, H.R. 2378, which is scheduled for consideration before the House Ways & Means Committee on Friday September 24th. We urge an affirmative vote in the Committee without additional amendment and a swift vote on that legislation by the full House before the recess.
The USW commends Chairman Levin and House Leadership for their determination and commitment to effectively address deliberate currency undervaluation with this legislation. The USW, along with hundreds of organizations and groups, has been fighting long and hard for concrete measures to address this protracted anti-competitive behavior. Being the largest industrial union in North America, our members know only too well the terrible price they and other American workers have had to pay as the result of the worst beggar-thy-neighbor trade practices a country can engage in – the deliberate undervaluation of its currency … more