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Mark Schauer on Free Trade

 

 


Tariffs against countries undervaluing their currency.

Schauer signed H.R.2378 & S.1027

    Amends the Tariff Act of 1930 to require the administering authority to determine, based on certain requirements, whether the exchange rate of the currency of an exporting country is undervalued or overvalued (misaligned) against the U.S. dollar for an 18-month period; and to take certain actions under a countervailing duty or antidumping duty proceeding to offset such misalignment in cases of an affirmative determination. Congress makes the following findings:
  1. The strength, vitality, and stability of the US economy and the openness and effectiveness of the global trading system are critically dependent upon an international monetary regime of orderly and flexible exchange rates.
  2. Increasingly in recent years, a number of foreign governments have undervalued their currencies by means of protracted, large-scale intervention in foreign exchange markets, and this fundamental misalignment has substantially contributed to distortions in trade flows.
  3. This exchange depreciation serves as a subsidy for, and facilitates dumping of, exports from countries that engage in this mercantilist practice.
  4. It is consistent with the agreements of the World Trade Organization and the International Monetary Fund that US trade law make explicit that fundamental undervaluation by an exporting country of its currency is actionable as a countervailable export subsidy and alternatively can be offset by antidumping duties.
Source: Currency Reform for Fair Trade Act 09-HR2378 on May 13, 2009

Review free trade agreements biennially for rights violation.

Schauer signed H.R.3012

    Trade Reform, Accountability, Development, and Employment Act or the TRADE Act:
  1. review biennially certain free trade agreements (including Uruguay Round Agreements) between the US and foreign countries to evaluate their economic, environmental, national security, health, safety, and other effects; and
  2. report on them to the Congressional Trade Agreement Review Committee (established by this Act), including analyses of specified aspects of each agreement and certain information about agreement parties, such as whether the country has a democratic form of government, respects certain core labor rights and fundamental human rights, protects intellectual property rights, and enforces environmental laws.
    Declares that implementing bills of new trade agreements shall not be subject to expedited consideration or special procedures limiting amendment, unless such agreements include certain standards with respect to:
  1. labor;
  2. human rights;
  3. environment and public safety;
  4. food and product health and safety;
  5. provision of services;
  6. investment;
  7. procurement;
  8. intellectual property;
  9. agriculture;
  10. trade remedies and safeguards;
  11. dispute resolution and enforcement;
  12. technical assistance;
  13. national security; and
  14. taxation.
Requires the President to submit to Congress a plan for the renegotiation of existing trade agreements to bring them into compliance with such standards. Expresses the sense of Congress that certain processes for U.S. trade negotiations should be followed when Congress considers legislation providing special procedures for implementing bills of trade agreements.
Source: TRADE Act 09-HR3012 on Jun 24, 2009

2016-17 Governor, House and Senate candidates on Free Trade: Mark Schauer on other issues:
MI Gubernatorial:
Abdul El-Sayed
Gretchen Whitmer
Jennifer Granholm
Rick Snyder
MI Senatorial:
Debbie Stabenow
Gary Peters
Matt Wiedenhoeft
Terri Lynn Land

Newly-elected Democrats as of Jan.2017:
AZ-1:O`Halleran(D)
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VA-2:Taylor(R)
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WI-8:Gallagher(R)
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Page last updated: Jun 29, 2017