CHINA IMPORT CERTIFICATES ACT

A Bill

To require the Secretary of the Treasury to auction Import Certificates and require that such certificates accompany any goods or services imported from the People’s Republic of China.

SECTION 1. SHORT TITLE

This Act may be cited as the “China Import Certificates Act”

SECTION 2: FINDINGS

The Congress finds as follows:

(1) The Government of the People’s Republic of China has accumulated about $1 trillion of dollar reserves. The People’s Republic of China buys dollars in order to keep the yuan artificially weak and to keep the dollar artificially strong in currency markets.