Dear Speaker Pelosi and Majority Leader Hoyer:
On behalf of the undersigned organizations, we write to urge you to reject the inclusion of legislation to address concerns regarding the value of China’s currency in the package of manufacturing bills you plan to bring before the House of Representatives next week. H.R. 2378, the Currency Reform for Fair Trade Act, will not bring manufacturing jobs back to the United States. Instead, the bill will likely result in the loss of jobs and market share in many competitive US agricultural, manufacturing and service industries that either operate in, or export to China, and/or rely on global supply chains for importing and exporting – all of which are vital to US business and the US economy.