Chesterton Tribune                                                                                   Adv.

Donnelly testifies before House Ways and Means on China currency policies

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U.S. Rep. Joe Donnelly, D-2nd, submitted testimony on Thursday to the House Ways and Means Committee on the Chinese government’s “policy of currency manipulation.”

The Committee was hosting U.S. Treasury Secretary Timothy Geithner to discuss what action Congress and the administration may need to take to address China’s exchange rate policy.

“When I visit with businesses and manufacturers in North Central Indiana, they ask to be able to compete on a level playing field,” Donnelly stated in his testimony. “They ask that China be held accountable for its unfair currency policy. They do not understand why our government has not stood up to China to defend our local businesses—and frankly, neither do I.”

“Our top priority is job creation, and we will go a long way toward protecting and creating jobs in North Central Indiana and across the nation by establishing a marketplace that gives our American businesses a fair fight,” Donnelly added. “We have seen too many good jobs go overseas because of unfair trade practices, and it is time that Congress and the administration act.”

To read Donnelly’s full testimony, visit http://donnelly.house.gov/testimony_house_ways_and_means_chinese_currency.pdf

Donnelly’s district includes Pine and Jackson townships in Duneland.

 

 

Posted 9/17/2010

 

 

 

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