The Speaker Of The United States Congress Said The Exchange Rate Bill Triggered The Risk Of Trade War.
U.S. House of Representatives Speaker John Bona said 12, the United States Senate on the 11 passed the "currency exchange rate supervision reform bill 2011" triggered.
trade war
The "serious threat" of the United States will be inappropriate for us to propose this legislative motion.
Boehner told reporters on the same day, at present, the global capital market and the global economy are still facing many uncertainties. The current US Congress members are not suitable for the current bill, which will lead to the opposite effect.
This is Boehner's latest objection to the 2011 currency exchange rate supervision reform bill.
He said last week that he did not support currency exchange rate supervision in 2011.
reform
The bill considers that the revaluation of other countries' "far beyond the responsibilities and powers of the US Congress" is a "dangerous" move.
According to the US legislative process, the bill needs to be passed by the house of Representatives controlled by the Republican Party and signed by President Obama.
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