Political Quotes

On the recordFebruary 28, 2007
Mr. Chairman, during this debate we have talked about, and I think correctly so, the need to attract foreign investment. And that is one thing that we bipartisanly agree on, that it is very, very important. There are barriers to foreign investment today, and I do believe it is appropriate in this legislation because this is the committee for foreign investment in the United States to look to see if there are not barriers to that foreign investment, which is chilling those investments that are so important for the economy. For that reason, I am supporting the gentleman's amendment. Now, I do want to say this, not about the gentleman's amendment, and I rise to say at this time we, in the CFIUS bill as it moves forward, have got to resist the temptation to load this bill up like a Christmas tree, and I am not talking about the gentleman from Texas' legislation, because every requirement that we put on foreign investment has a tendency to alienate those making those foreign investments. And most of the time they are our allies.
Said by
Spencer Bachus
Alabama

Editor's note · Context

Discussing the importance of foreign investment and potential barriers in the CFIUS bill.

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