On the recordMay 9, 2012
Mr. Chairman, this amendment would prohibit funding for President Obama's SelectUSA Initiative. It's a program that would otherwise receive just over $6 million in this bill. Now, if you've never heard of SelectUSA, you're not alone. Virtually nobody has heard of it outside of the committee and those who are funding it. Last June, President Obama issued an Executive order to establish SelectUSA. It was called the first-ever Federal effort to attract, retain, and expand business investment in the United States. It seems to me that whenever a new Federal program is touted as the first of its kind, it's usually a pretty good indication that it's completely unnecessary. This is no exception to the rule. A quick read of the vague ways in which SelectUSA says it serves the firms and economic development organizations certainly proves that-- promoting the benefits of investing in the U.S.A., responding to inquiries about the U.S. business climate, helping investors confused by regulatory processes, offering guidance--these are hardly the responsibilities of the Federal Government. In reality, it seems that the taxpayers are buying little more than a Web site pitching the benefits of U.S. subsidiaries to foreign companies. It includes 10 pages of links to Federal subsidized programs like Grants.gov, AARP-E, and the Department of Energy Loan Guarantee Program. That was the program responsible for Solyndra.…





