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Bill Foster on Free Trade

Democrat


Tariffs against countries undervaluing their currency.

Foster signed H.R.2378 & S.1027

    Amends the Tariff Act of 1930 to require the administering authority to determine, based on certain requirements, whether the exchange rate of the currency of an exporting country is undervalued or overvalued (misaligned) against the U.S. dollar for an 18-month period; and to take certain actions under a countervailing duty or antidumping duty proceeding to offset such misalignment in cases of an affirmative determination. Congress makes the following findings:
  1. The strength, vitality, and stability of the US economy and the openness and effectiveness of the global trading system are critically dependent upon an international monetary regime of orderly and flexible exchange rates.
  2. Increasingly in recent years, a number of foreign governments have undervalued their currencies by means of protracted, large-scale intervention in foreign exchange markets, and this fundamental misalignment has substantially contributed to distortions in trade flows.
  3. This exchange depreciation serves as a subsidy for, and facilitates dumping of, exports from countries that engage in this mercantilist practice.
  4. It is consistent with the agreements of the World Trade Organization and the International Monetary Fund that US trade law make explicit that fundamental undervaluation by an exporting country of its currency is actionable as a countervailable export subsidy and alternatively can be offset by antidumping duties.
Source: Currency Reform for Fair Trade Act 09-HR2378 on May 13, 2009

Review free trade agreements biennially for rights violation.

Foster signed H.R.3012

    Trade Reform, Accountability, Development, and Employment Act or the TRADE Act:
  1. review biennially certain free trade agreements (including Uruguay Round Agreements) between the US and foreign countries to evaluate their economic, environmental, national security, health, safety, and other effects; and
  2. report on them to the Congressional Trade Agreement Review Committee (established by this Act), including analyses of specified aspects of each agreement and certain information about agreement parties, such as whether the country has a democratic form of government, respects certain core labor rights and fundamental human rights, protects intellectual property rights, and enforces environmental laws.
    Declares that implementing bills of new trade agreements shall not be subject to expedited consideration or special procedures limiting amendment, unless such agreements include certain standards with respect to:
  1. labor;
  2. human rights;
  3. environment and public safety;
  4. food and product health and safety;
  5. provision of services;
  6. investment;
  7. procurement;
  8. intellectual property;
  9. agriculture;
  10. trade remedies and safeguards;
  11. dispute resolution and enforcement;
  12. technical assistance;
  13. national security; and
  14. taxation.
Requires the President to submit to Congress a plan for the renegotiation of existing trade agreements to bring them into compliance with such standards. Expresses the sense of Congress that certain processes for U.S. trade negotiations should be followed when Congress considers legislation providing special procedures for implementing bills of trade agreements.
Source: TRADE Act 09-HR3012 on Jun 24, 2009

Sponsored sugar quotas & import tariffs to stabilize prices.

Foster co-sponsored Sugar Reform Act

Congressional Summary:Sugar Reform Act:

Proponent's argument for bill:(Senators' opinions reported on politico.com) "We subsidize a handful of wealthy sugar growers at the expense of everybody in America," said Sen. Patrick Toomey (R-Pa.), whose home state boasts the chocolate giant, Hershey's. Sen. Heidi Heitkamp (D-N.D.), warned her colleagues against unraveling the commodity coalition behind the farm bill: "We forget that this is much bigger than a sugar program. It's much bigger than any one single commodity. When you single out one commodity, you threaten the effectiveness of the overall farm bill."

Opponent's argument against bill:(Food and Business News, May 2013): Users claim the sugar program nearly doubles the price of sugar to US consumers and has resulted in lost jobs as some candy manufacturers have moved operations to other countries. Producers claim the program has resulted in more stable sugar supplies, provides a safety net for growers and that world prices are often lower because of subsidies in origin countries, which would put US growers at a disadvantage should import restrictions be lifted. Producers also note that US sugar prices have declined more than 50% from late 2011 highs. They also maintain that jobs have been lost or moved out of the US for reasons other than sugar prices, mainly labor and health care costs, noting that candy makers' profits have been strong in recent years.

Source: S.345/ H.R.693 13-H0693 on Feb 14, 2013

Sponsored imposing import fee on countries with undervalued currency.

Foster co-sponsored Currency Reform for Fair Trade Act

Congressional Summary:Amends the Tariff Act of 1930 to include a countervailing duty or antidumping duty on merchandise imported into the US from foreign countries with fundamentally undervalued currency.

Opponent's argument against bill: (by the Club for Growth)We urge all House members to not co-sponsor the protectionist Currency Reform for Fair Trade Act. This proposal would make it easier for the federal government to slap

Source: H.R.1276 13-H1276 on Mar 20, 2013

2012 Governor, House and Senate candidates on Free Trade: Bill Foster on other issues:
IL Gubernatorial:
Pat Quinn
IL Senatorial:
Doug Truax
Jim Oberweis
Mark Kirk
Richard Durbin
Sharon Hansen

Left 113th Congress, 2013-2014:
AL-1: Jo Bonner(R,resigned)
FL-13:Bill Young(R,deceased)
FL-19:Trey Radel(R,arrested)
IL-2: Jesse L. Jackson(D,convicted)
LA-5: Rodney Alexander(R,resigned)
MA-5: Ed Markey(D,elected)
MO-8: Jo Ann Emerson(R,resigned)
NC-12:Mel Watt(D,appointed)
NJ-1: Rob Andrews(D,investigated)
SC-1: Tim Scott(R,appointed)

Newly-elected special elections 2013-2014:
AL-1: Bradley Byrne(R)
FL-13:David Jolly(R)
FL-19: Pending Nov.4
IL-2: Robin Kelly(D)
LA-5: Vance McAllister(R)
MA-5: Katherine Clark(D)
MO-8: Jason Smith(R)
NC-12: Pending Jul.15
NJ-1: Pending Nov.4
SC-1: Mark Sanford(R)
Won primary 2014:
TX-4: John Ratcliffe(R)
VA-7: Dave Brat(R)

Retiring to run for Senate in 2014:
AR-4: Tom Cotton(R)
CO-4: Cory Gardner(R)
GA-1: Jack Kingston(R)
GA-10:Paul Broun(R)
GA-11:Phil Gingrey(R)
HI-1: Colleen Hanabusa(D)
IA-1: Bruce Braley(D)
LA-6: Bill Cassidy(R)
MI-14:Gary Peters(D)
MT-0: Steve Daines(R)
OK-5: James Lankford(R)
TX-36:Steve Stockman(R)
WV-2: Shelley Moore Capito(R)

Former Reps running for House in 2014:
AL-5: Parker Griffith(R)
CA-3: Doug Ose(R)
GA-11:Bob Barr(R)
CA-31:Joe Baca(D)
IL-10:Bob Dold(R)
IL-17:Bobby Schilling(R)
MS-4: Gene Taylor(D)
MT-0: Denny Rehberg(R)
NH-1: Frank Guinta(R)
NY-11:Vito Fossella(R)
NY-18:Nan Hayworth(R)
OH-7: John Boccieri(D)
PA-13:Marjorie Margolies(D)
TX-23:Francisco Canseco(R)
Lost primary 2014:
TX-4: Ralph Hall(R)
VA-7: Eric Cantor(R)

Retiring to run for State Office in 2014:
AR-2: Tim Griffin(R)
CA-35:Gloria McLeod(D)
ME-2: Mike Michaud(D)
PA-13:Allyson Schwartz(D)
VI-0: Donna Christensen(D)

Retiring effective Jan. 2015:
AL-6: Spencer Bachus(R)
AZ-7: Ed Pastor(D)
CA-11:George Miller(D)
CA-25:Howard McKeon(R)
CA-31:Gary Miller(R)
CA-33:Henry Waxman(D)
CA-45:John Campbell(R)
IA-3: Tom Latham(R)
MI-4: Dave Camp(R)
MI-6: Tom Petri(R)
MI-12:John Dingell(D)
MN-6: Michele Bachmann(R)
NC-6: Howard Coble(R)
NC-7: Mike McIntyre(D)
NJ-3: Jon Runyan(R)
NJ-12:Rush Holt(D)
NY-4: Carolyn McCarthy(D)
NY-21:Bill Owens(D)
PA-6: Jim Gerlach(R)
UT-4: Jim Matheson(D)
VA-8: James Moran(D)
VA-10:Frank Wolf(R)
WA-4: Doc Hastings(R)
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Page last updated: Jun 18, 2014