On the recordOctober 6, 1997
I do not want us to be subsidizing sending papermaking machines to another country to then compete with our own people who are involved with the paper manufacturing industry in the United States of America. If people want to sell cardboard boxes or whatever type of machines we are talking about overseas, more power to them. Let them go out and sell those cardboard boxes to Vietnam or China or a dictatorship, democracy, we do not care. Madam Chairman, I do not need anyone to tell me that the American taxpayer wants us to sell manufacturing units overseas to compete with their own jobs, especially when we are talking about the subsidization here, which is what this amendment does, prevents us from subsidizing all of these state-run enterprises. Madam Chairman, what we have got is, fine, my amendment would not affect people who want to go out and export and be involved in enterprises overseas whatsoever if they do so at their own risk and they get private capital. But the private capital will not subsidize these enterprises overseas in risky situations or in dealing with companies overseas like the People's Liberation Army where there is a political risk.
Source
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