Dear Senator: On behalf of the undersigned organizations, we write to urge you to oppose an amendment that may be offered to pending legislation to address concerns regarding the value of China's currency. Sponsors of the Currency Exchange Rate Oversight Reform Act have indicated they will seek to add the bill as an amendment to moving legislation as early as this week. Read more...
Dear Secretary Geithner, On behalf of the members of the ENGAGE CHINA coalition, we look forward to working with you and your colleagues at the Department of the Treasury as you work to secure our nation's economic recovery. As you prepare for the upcoming Strategic & Economic Dialogue in Beijing, we write to respectfully request that you raise with your Chinese counterparts the critical importance of further reform and modernization of China's capital markets. The G20's expressed priority of pursuing more balanced global economic growth and the need for continued reform and modernization of China's financial system are inextricably linked. Read more...