May 15, 2015

For Immediate Release:
May 15, 2015
Contact: Adam Temple
(202) 400 - 2610

AAPC Urges Passage of Portman-Stabenow Amendment Addressing Currency Manipulation

Washington, D.C. - American Automotive Policy Council President Governor Matt Blunt today issued the following statement:

"The broad, bipartisan support of the trade enforcement bill sends a strong message that lawmakers want to address currency manipulation because it is a threat to U.S. jobs and economic growth.  However, it is vital that enforceable rules prohibiting currency manipulation are also part of all future trade agreements.  The Portman-Stabenow amendment achieves this objective by directing U.S. negotiators to seek currency manipulation rules consistent with existing International Monetary Fund and World Trade Organization obligations.  Importantly, these currency rules would not interfere with any country's domestic monetary policy."

The American Automotive Policy Council (AAPC) represents the common public policy interests of its member companies – FCA US, Ford Motor Company and General Motors Company.