Senate passes Stabenow bill to crack down on China

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Senate passes Stabenow bill to crack down on China's currency manipulation

The Michigan Brief | News from the Office of Senator Debbie Stabenow
Senate passes Stabenow bill to crack down on China's currency manipulation
In a bipartisan vote last night, the U.S. Senate passed legislation co-authored by Senator Stabenow to crack down on illegal currency manipulation by countries like China. By keeping their currency undervalued, China is able to sell the same products to American consumers at a much lower cost, driving American companies out of business. Cracking down on currency manipulation could allow the United States to create as many as 2 million jobs.

“I've been fighting to stop China's illegal action on currency for years, and the fact that the Senate has finally passed this bill is a major victory for our businesses and workers,” said Sen. Stabenow.  “China's currency manipulation directly translates to lost American jobs and suffering for families, especially in Michigan.  Standing up to China to stop their illegal activity creates American jobs and reduces the deficit at the same time.”

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Michigan gained the most tech jobs in the nation in 2010
Senator Debbie Stabenow joined with TechAmerica last week to announce that Michigan gained more technology-related jobs than any other state in 2010. This new study also revealed that Michigan ranks 15th in the country in total number of workers in the tech industry, at 155,000, showing that tech jobs are playing an important role in Michigan’s ongoing economic turnaround. “High tech jobs lay the foundation of our state’s economic future.  Efforts to grow research and development in advanced battery, high tech vehicle production, and other innovative new sectors of our economy are beginning to work and should be strengthened,” said Senator Stabenow.  “With all that Michigan has been through and so many people still hurting, it’s great to have some good economic news.”
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Sweet victory: Stabenow wins maple syrup from New York colleague as Tigers beat Yankees
U.S. Sen. Debbie Stabenow won her friendly bet with New York Senator Chuck Schumer when the Detroit Tigers defeated the New York Yankees last Thursday to advance in the playoffs. Sen. Schumer will now send a case of New York Savor Crown maple syrup to Senator Stabenow, which she will donate to Gleaners Community Food Bank of metro Detroit. Sen. Stabenow had wagered a case of Michigan-made preserves from American Spoon. "This win is great for the City of Detroit and the entire state. To my good friend Chuck I have to say, we all knew the Tigers were going to win from the beginning.”
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