Political Quotes

“Mr. Speaker, I thank the chairman for yielding me the time. Today, I rise in support of H.R. 3843, the Merger Filing Fee Modernization Act of 2022. This bipartisan legislation will strengthen antitrust enforcement and better protect U.S. consumers, workers, and businesses. I support the full slate of bills in this package, and I am pleased that it includes legislation that I introduced with the gentleman from Wisconsin (Mr. Fitzgerald). Our bill, the Foreign Merger Subsidy Disclosure Act, will create a more transparent picture for our antitrust enforcers by requiring merging companies to disclose foreign government subsidies. We know that China continues to use state-owned entities to acquire our emerging technologies and intellectual property in an attempt to surpass and suppress United States companies. Our bill provides an important guardrail so that China and other government-backed competitors can't discreetly buy up U.S. companies, unduly influence our free market economy, steal intellectual property, and stifle competition. Our bill will ensure that these investments are not undermined. This is good, commonsense policy. It is a step in the right direction. Mr. Speaker, I intend to vote ``yes'' on this package, and I urge my colleagues to do the same.”