Expressing the sense of the House of Representatives that the Chinese Communist Party should be held accountable for present day efforts of knowingly and intentionally manipulating their currency.
Impact
The resolution underscores the idea that the Chinese Communist Party's actions adversely affect not just the United States but also the stability of international markets. By calling for the U.S. government to hold China accountable, it aims to prompt further dialogue and potential action by the Biden Administration, especially in alignment with measures previously engaged by the Trump administration, particularly those involving the International Monetary Fund.
Summary
House Resolution 421 expresses the sense of the House of Representatives regarding the Chinese Communist Party's alleged manipulation of its currency. The resolution condemns these actions as detrimental to fair international trade practices and suggests that such manipulation gives China an unfair competitive advantage. It emphasizes the need for accountability for these practices in the global economic landscape.
Contention
A potential point of contention surrounding HR421 can be found in the conflicting perspectives on trade relations with China. Supporters assert that holding the Chinese government accountable is vital for fair trade, while some critics may argue that aggressive stances could lead to tensions or retaliation, impacting international trade relations. The resolution may open discussions on the limits and extents of U.S. intervention in foreign currency practices.
Expressing the sense of the House of Representatives relating to the Communist Party of China's "Made In China 2025" Plan and publicly-known malign Communist Party of China's actions supporting the goals of its "Made in China 2025" plan.
Expressing the sense of the House of Representatives that China is responsible for the COVID-19 pandemic and must be held financially liable for $16,000,000,000,000.
Expressing the sense of the House of Representatives on the importance of a unified transatlantic role in deterring the Chinese Communist Party from disrupting the peace and stability in the Taiwan Strait.
Expressing the sense of the House of Representatives that Social Security should be preserved and protected for current beneficiaries, and for future generations to come.
Expressing the sense of the House of Representatives that Medicare and Social Security provide an essential benefit for current enrollees and should be strengthened for future generations.
A resolution expressing the sense of the Senate that the Chinese Communist Party's espionage mission to send a surveillance balloon across the United States, in violation of international law, is unacceptable and should be condemned.