Barbara Boxer: “I rise to thank Senator Ensign for his leadership on the Invest in the USA Act. As we said earlier, this infusion of…”

“I rise to thank Senator Ensign for his leadership on the Invest in the USA Act. As we said earlier, this infusion of cash will provide an immediate and much needed boost to the economy. Over the next year, it is estimated that this legislation, which is included in this bill as an amendment, will bring $140 billion in foreign earnings back into the United States. As my friend is aware, under our amendment, which is the Invest in the USA Act of 2003, these funds are to be used as a source for worker hiring and training; infrastructure; research, and development; capital investments; or the financial stabilization of the corporation for the purposes of job retention or creation. Any attempt to use these funds to increase executive pay would be a violation of the intent of this legislation.”