Competitive Foreign Exchange Rate Policy Act of 1987

[AI summary unavailable — showing source text] Competitive Foreign Exchange Rate Policy Act of 1987 - Requires the Secretary of the Treasury to submit to the House Committee on Banking, Finance and Urban Affairs and the Senate Committee on Banking, Housing, and Urban Affairs semiannual written reports containing: (1) an analysis of the degree to which the actual exchange rate of the U.S. dollar varies from the competitive exchange rate and an evaluation of both foreign and domestic conditions and policies that contribute to such variation; (2) recommendations for changing U.S. economic policy to attain a sustainable and appropriate balance in the current account, together with an assessment of the costs and benefits that would accompany any such change; (3) any International Monetary Fund recommendations for changes in U.S. policies and an explanation of the Secretary's plans to implement or ignore such recommendations; (4) a report on progress made by the Secretary and any other Government employee in adjusting the exchange rate of the dollar toward its competitive exchange rate and in achieving long-term reform of the international exchange rate system to reduce instability in exchange rates; (5) a statement of the objectives…