S.Amdt. 1385

SA 1385. Mr. HATCH (for himself, Mr. Wyden, Mr. Cornyn, Mr. Carper,
Mr. Alexander, Mr. Corker, Mr. Warner, Mrs. McCaskill, Mr. Bennet, and
Mr. Kaine) 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; which was ordered to lie on the table;
as follows:

Strike section 102(b)(11) and insert the following:
(11) Foreign currency manipulation.--The principal
negotiating objective of the United States with respect to
unfair currency practices is to seek to establish
accountability through enforceable rules, transparency,
reporting, monitoring, cooperative mechanisms, or other means
to address exchange rate manipulation involving protracted
large scale intervention in one direction in the exchange
markets and a persistently undervalued foreign exchange rate
to gain an unfair competitive advantage in trade over other
parties to a trade agreement, consistent with existing
obligations of the United States as a member of the
International Monetary Fund and the World Trade Organization.
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