US House sets China currency hearing for Sept

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WASHINGTON, July 22 | Thu Jul 22, 2010 3:55pm EDT

WASHINGTON, July 22 (Reuters) - Democratic leaders in the U.S. House of Representative said on Thursday they will wait until at least September before taking any action on legislation to force China to revalue its currency.

House Majority Leader Steny Hoyer said the Ways and Means Committee would hold a hearing on the issue the first week that lawmakers return from their August break.

House Ways and Means Committee Chairman Sander Levin said the purpose of the hearing would be to review the issue and assess whether any legislation was needed.

(Reporting by Doug Palmer; Editing by Diane Craft)

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