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Senate panel rejects tough currency rules for fast track

Published 04/22/2015, 10:26 PM
Updated 04/22/2015, 10:26 PM
© Reuters. Obama delivers remarks on climate change at Everglades National Park, Florida

WASHINGTON (Reuters) - A U.S. Senate panel on Wednesday rejected a push to beef up rules against currency manipulation in a key trade bill, avoiding a clash with the Obama administration and U.S. trade partners.

The Senate Finance Committee voted 15 to 11 against an amendment that would have allowed sanctions against countries that deliberately weaken their currencies to make their exports cheaper as part of a fast-track bill.

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