From Reuters via the Washington Post (link)
The top Republican and Democrat on the Senate Finance Committee are putting the finishing touches on a bill aimed at addressing trade irritants with China and plan to unveil it next week, a spokeswoman for one of the senators said on Tuesday.
Senate Finance Committee Chairman Charles Grassley, an Iowa Republican, has been working with Sen. Max Baucus, a Montana Democrat, on the legislation as an alternative to a popular but controversial bill that threatens China with across-the-board U.S. tariffs if it does not revalue its currency.
The senior lawmakers plan to unveil the bill just two weeks before a high-level U.S.-China trade meeting on April 11, at which the Bush administration wants China to take a number of concrete steps to reduce trade tensions.
