Stabenow Statement on Vote to Include Enforceable Currency Provisions, Protect American JobsFriday, May 22, 2015
U.S. Senator Debbie Stabenow issued the following statement regarding the Senate vote on her bipartisan amendment to Trade Promotion Authority legislation that would add clear language to require that any future trade agreements include enforceable currency provisions. The amendment failed by a vote of 48-51.
"If this fast track trade bill passes the Senate, it is deeply disturbing that it will not include language needed to protect American workers and businesses. Currency manipulation has already cost U.S. workers as many as five million jobs. Cracking down on countries that are breaking the rules is the only way we can make sure our workers and businesses have a fair shot to win in a global marketplace. It's up to us to decide whether America is leading the race to the top, or if we're racing to the bottom. Unfortunately, today's vote is a major step in the wrong direction."
The amendment was introduced by Senators Portman (R-OH) and Stabenow.
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