Small yuan revaluation not enough - US lawmaker

WASHINGTON, April 26 (Reuters) - China needs to raise the value of its currency by a "significant" amount or the United States will take action, a top U.S. lawmaker said on Monday.

"I think 2 to 3 percent over a year would be totally unsatisfactory," House of Representatives Ways and Means Committee Chairman Sander Levin said, responding to a market estimate about the size of a possible move.

"I think it has be significant. It doesn't have to be all at once. But there has to be clear pattern of revaluation. A clear path," Levin told the Reuters Global Financial Regulation Summit.

(Reporting by Doug Palmer; Editing by Dan Grebler)