There are other ways for our country to balance currency actions by other countries. A recent IMF report talked about the importance of global value chains in the world economy. A country that devalues its currency excessively has to be able to produce finished products from almost entirely domestically produced raw materials, or it won't be able to keep its balance of payments reasonable. If a country is devaluing its currency, it could be the result and/or cause of structural weaknesses in that country. Rather than trying to legislate the problem out of existence, we should let the global market self-correct. Unless it becomes a national security issue, congress really has no reason to legislate.