To make it a principal negotiating objective of the United States to address currency manipulation in trade agreements.

SA 1299. Mr. PORTMAN (for himself, Ms. Stabenow, Mr. Burr, Mr. Brown,
Mr. Casey, Mr. Schumer, Mr. Graham, Mrs. Shaheen, Ms. Heitkamp, Ms.
Baldwin, Ms. Klobuchar, Mr. Manchin, Ms. Warren, Ms. Collins, and Mr.
Donnelly) submitted an amendment intended to be proposed to amendment
SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to amend the
Internal Revenue Code of 1986 to provide for a right to an
administrative appeal relating to adverse determinations of tax-exempt
status of certain organizations; as follows:

In section 102(b), strike paragraph (11) and insert the
following:
(11) Currency manipulation.--The principal negotiating
objective of the United States with respect to unfair
currency exchange practices is to target protracted large-
scale intervention in one direction in the exchange markets
by a party to a trade agreement to gain an unfair competitive
advantage in trade over other parties to the agreement, by
establishing strong and enforceable rules against exchange
rate manipulation that are subject to the same dispute
settlement procedures and remedies as other enforceable
obligations under the agreement and are consistent with
existing principles and agreements of the International
Monetary Fund and the World Trade Organization. Nothing in
the previous sentence shall be construed to restrict the
exercise of domestic monetary policy.
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