NEGOTIATIONS ON CURRENCY EXCHANGE RATES.

SEC. 1124. NEGOTIATIONS ON CURRENCY EXCHANGE RATES. (a) Findings.— The Congress finds that— (1) the benefit of trade concessions can be adversely affected by misalignments in currency, and (2) misalignments in currency caused by government policies intended to maintain an unfair trade advantage tend to nullify and impair trade concessions. (b) Negotiations.— Whenever, in the course of negotiating a trade agreement under this subtitle, the President is advised by the Secretary of the Treasury that a foreign country that is a party to the negotiations satisfies the criteria for initiating bilateral currency negotiations listed in section 3004(b) of this Act, the Secretary 102 STAT. 1147of the Treasury shall take action to initiate bilateral currency negotiations on an expedited basis with such foreign country.