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Snowe, Brown Propose China Measure in Senate Tax Bill

Senators Sherrod Brown, an Ohio Democrat, and Olympia Snowe, a Maine Republican, proposed amending the tax bill in the U.S. Senate to include a China currency measure.

The Senate should incorporate the bill that passed the House of Representatives in September, which would let companies petition for higher duties on some Chinese imports to combat any advantage from an undervalued currency, the senators said today.