Currency: There are seven bills now in play that seek to revamp the nation’s laws and policies regarding international exchange rates. The Currency Exchange Rate Oversight Reform Act, S. 1607, is championed by Senators Baucus, Grassley, Schumer and Graham, who seek to move the bill before the Congress recesses in August.
Foreign Investment: On June 29 the Senate passed legislation revising the Committee on Foreign Investment in the United States. The House had passed a similar bill in February. Minor differences between the bills and White House support for the reforms indicate straightforward compromise and passage into law.