James Maloney: “Mr. Speaker, corporate expatriates benefit from over $2 billion in lucrative government contracts from large consulting…”

“Mr. Speaker, corporate expatriates benefit from over $2 billion in lucrative government contracts from large consulting deals with the United States Government agencies, to equipping airport screeners, to providing tools and equipment to the Department of Defense. Stanley Works of Connecticut, which is attempting to expatriate, received $5.6 million in government contracts in fiscal year 2001, and 92 percent of those government contracts were for defense and homeland security-related items. Our national security should not depend on companies that are overseas or that are American companies that have moved overseas. Stanley Works and other expatriate corporations do not want to pay for our defense and national security, but they want to reap the fruits of it. They turn their backs on America at the same time they reach out their hands for the money of American taxpayers. This is wrong and this must stop, and this motion will help to stop this abusive practice of some of the leading corporations that have expatriated or plan to do so. Mr. Speaker, I urge Members to support this very important motion.”