S. 3992: United States Fair Currency Practices Act of 2006

109th Congress · introduced 2006-09-28 · Foreign Trade and International Finance · Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 656.

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Follow this bill, step by step

Where it came from: introduced 2006-09-28 · official record
Who proposed it: Sen. Bunning, Jim [R-KY] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 656. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

United States Fair Currency Practices Act of 2006

Plain summary

United States Fair Currency Practices Act of 2006 - Amends the Exchange Rates and International Economic Policy Coordination Act of 1988 to direct the Secretary of the Treasury to consider in the annual analysis of foreign exchange rate policies whether countries have a currency that is in fundamental misalignment (as defined by this Act), and if so, to initiate bilateral corrective negotiations. Directs the Secretary, prior to U.S. approval of a change in an international financial institution's governance, to determine whether a member who would benefit from such change has a currency that is manipulated or in fundamental misalignment, and if so, oppose such change. Amends the Tariff Act of 1930, in determining a nonmarket economy country, to consider whether such country's manipulation or fundamental misalignment of its currency adversely affects the U.S. economy. Includes exchange rate misalignment (as defined by this Act) as a countervailable subsidy. Amends the Trade Act of 1974 to include exchange rate misalignment by the People's Republic of China (PRC) as a condition in determining market disruption. Prohibits the Department of Defense (DOD) from procuring defense articles imported from the PRC if such articles are competitive with domestic industry articles critical to the defense industrial base of the United States. Applies provisions of this Act respecting countervailable subsidies and nonmarket economy status to goods from Canada and Mexico.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

United States Fair Currency Practices Act of 2006

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Bunning, Jim [R-KY] · 0 cosponsors

Cost estimate: No cost estimate published yet.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-109s3992.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/109/s>

Record fed-us-cong109-s3992 · catalog fed-us-congress-bills-cong109 · updated 2026-11-15 by psicol fed-bills-cong109