Senators Urge House To Pass China Currency Bill

By Andrea Salazar

A day after the China currency bill passed the Senate, a bipartisan coalition of senators urged House Speaker John Boehner (R-Ohio) and the White House to join them against China’s currency manipulation. 

“China has a callous disregard for the rule of law,” Sen. Lindsey Graham (R-S.C.) said. “They cheat at every turn. They steal intellectual property, they counterfeit goods affecting our defense industries and they manipulate their currency. We don’t have this kind of discussion with normal nations. We don’t have this kind of discussion with democracies. You’re having this kind of discussion with a communist dictatorship with a command and control economy that’s acting like the mob.”

Graham echoed those sentiments and dismissed worries about China’s reaction to the currency bill.

“I’m not worried about the Chinese response because at the end of the day they need us as much as we need them, if not more so,” Graham said. “I’m worried about the idea that American politicians are going to let threats coming from China stop what, I think, is a rational approach to dealing with this.”

Sen. Chuck Schumer (D-N.Y.) said he expects the bill to pass, despite opposition from leadership.

“We have tried to keep this as non-political, frankly, as possible,” Schumer said. “That’s because we believe in this. I just believe in my bones that this is one of the five ways… to keep America number one over the next several decades.”