·  USW

U.S. House Vote for China Currency Reform Gets Big USW Nod

America’s Working Families Need Jobs as Casualties of Currency Policies

Contact: Gary Hubbard, 202-778-4384 (O); 202-256-8125 (C);  ghubbard@usw.org

Washington, DC (Sept. 29) – Today’s U.S. House 348-79 vote approval of the Currency Reform for Fair Trade Act (H.R. 2378) was given a big nod by Leo W. Gerard, International President of the United Steelworkers (USW) with the following statement. He testified Sept. 10 before the Ways and Means Committee and has mobilized workers’ calls on the issue in union halls and Washington forums.

“Our USW members and working families across America will be gratified with news of today’s strong vote by the U.S. House that approved the Currency Reform for Fair Trade Act as the way forward to stop the egregious behavior of China and other nations that put our manufactured goods at an unfair disadvantage with deliberate currency undervaluation.

“This bill will give us the tools we need to address the shuttered factories and shattered dreams that currency manipulation has caused.

“House Congressional members stood up for American workers and demonstrated a commitment to reverse years of damage to our economy by passing this important trade bill. Now it’s up to the Senate to do the same.”

For more on the USW mobilization for currency reform: www.usw.org/.

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