|FOR IMMEDIATE RELEASE:||
CONTACT: Jesse Jacobs - 202-224-4524
|Wednesday, April 24, 2002||
Craig Davis - 202-224-7391
Senator Paul S. Sarbanes (D-MD), Chairman of the Banking, Housing, and Urban Affairs Committee, today announced he will convene a hearing to receive the Treasury Department's Report to Congress on International Economic and Exchange Rate Policy. Secretary of the Treasury Paul O'Neill will present the findings in the report to the Committee.
The report, which is mandated by the Omnibus Trade and Competitiveness Act of 1988, is required to contain an assessment of the impact of the exchange rate of the dollar on the ability of the United States to maintain a more sustainable balance of trade; production, employment, and non-inflationary growth in the United States; and the international competitive performance of the United States industries and the external indebtedness of the United States.
In addition to Secretary O'Neill, representatives of U.S. workers, manufacturers, and farmers will present their views on the impact of the dollar on U.S. trade and employment.
The hearing will be held:
WEDNESDAY, MAY 1, 2002
538 DIRKSEN SENATE OFFICE BUILDING
Scheduled to testify are: