September 24, 2013

A Senate letter demanding that the Obama administration include disciplines on currency manipulation in trade agreements, including the Trans-Pacific Partnership, has attracted 60 signatories, with more than half of them from the Banking, Finance and Foreign Relations committees.

Members of these three committees accounted for 31 of the 60 signatures, with the remaining 29 senators from a wide range of committees, particularly the Armed Services Committee. The party breakdown of the letter is 41 Democrats, 17 Republicans and two independents: Sens. Bernie Sanders (I-VT) and Angus King (I- ME).

The letter to Treasury Secretary Jack Lew and U.S. Trade Representative Michael Froman was spearheaded by Sens. Debbie Stabenow (D-MI) and Lindsey Graham (R-SC) and largely mirrors the demands by 230 House members in June.

Source
Inside U.S. Trade