H.R. 384 Summary

• Urges the President of the United States to designate China as a currency manipulator due to its practice of artificially pegging the yuan to the U.S. dollar.

• States that China's currency undervaluation distorts export values and harms U.S. manufacturing competitiveness, contributing to job losses and business closures in Ohio.

• Contends that the trade deficit with China has eliminated or displaced 2.8 million U.S. jobs over the preceding ten years, including 103,500 jobs in Ohio.

• Asserts that market-based currency valuation is essential to fair trade and economic stability.

• Directs the House Clerk to transmit copies of the resolution to the President, Congress, Ohio's Congressional delegation, the Governor, and Ohio news media.