Political Quotes

William Pryor: “I regret I must correct the Senator from Pennsylvania. Both current law and our amendment allows for the sale of generic…”

On the recordJune 20, 1996
I regret I must correct the Senator from Pennsylvania. Both current law and our amendment allows for the sale of generic competitors, contemporaneous to a court determination of substantial investment. In other words, the term substantial investment is defined in the Pryor-Brown-Chafee-Bryan legislation in the present language of the GATT implementing legislation, the Uruguay Round Agreements Act. I thank my colleague for raising a very important point. We are not changing the GATT agreement on substantial investment in any shape, form, or fashion. In fact, by bringing this sole outlier industry into compliance with the rest of the country, one might argue that we are keeping even closer to the spirit and letter of our obligations under that agreement than is the case today.
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William Pryor

Editor's note · Context

Addressing concerns about the GATT agreement and substantial investment during a legislative discussion.

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