I point out it is projected by the industry itself that adoption of this legislation will create in the next 5 years approximately 121,000 jobs, that it will result in markets exceeding roughly $8.8 billion. The purpose of this legislation is not only to enable the textile industry, for example, to compete better at home but also to be in a better position to compete abroad in other markets. If we do nothing, as has happened in the past, we see, for example, the Chinese exports increasing.
Michael Roth: “I point out it is projected by the industry itself that adoption of this legislation will create in the next 5 years…”
Editor's note · Context
Discussing the economic impact of proposed legislation on the textile industry.
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