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Code · BILL · 113th Congress · S. 1114 (Introduced in Senate) — To provide for identification of misaligned currency, require action to correct the misalignment, and for other purpo... · Sec. 2

Sec. 2. Definitions

255 words·~1 min read·/bill/113/s/1114/is/section-2

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In this Act: The term administering authority means the authority referred to in section 771(1) of the Tariff Act of 1930 ( 19 U.S.C. 1677(1) ). The term Agreement on Government Procurement means the agreement referred to in section 101(d)(17) of the Uruguay Round Agreements Act (19 U.S.C. 3511(d)(17)). The term country means a foreign country, dependent territory, or possession of a foreign country, and may include an association of 2 or more foreign countries, dependent territories, or possessions of countries into a customs union outside the United States.
The term exporting country means the country in which the subject merchandise is produced or manufactured. The term fundamental misalignment means a significant and sustained undervaluation of the prevailing real effective exchange rate, adjusted for cyclical and transitory factors, from its medium-term equilibrium level. The term fundamentally misaligned currency means a foreign currency that is in fundamental misalignment. The term real effective exchange rate means a weighted average of bilateral exchange rates, expressed in price-adjusted terms.
The term Secretary means the Secretary of the Treasury. The term sterilization means domestic monetary operations taken to neutralize the monetary impact of increases in reserves associated with intervention in the currency exchange market. The term subject merchandise means the merchandise subject to an antidumping investigation, review, suspension agreement, or order referred to in section 771(25) of the Tariff Act of 1930 ( 19 U.S.C. 1677(25) ). The term WTO Agreement means the agreement referred to in section 2(9) of the Uruguay Round Agreements Act ( 19 U.S.C. 3501(9) ).
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