Political Quotes

On the recordMay 15, 1997
Essentially what is attempting to be done in the legislation now, and the reason I support the rule, is it is an effort to make sure that we will have fair competition for this particular contract. It is as sole source a contract right now as we can have in the United States. There is a special sweetheart provision demanding 91 percent American ownership. This is far beyond the Traficant amendment. It would fit under the Traficant amendment the way it is trying to be fixed. It would still be an American-owned company that would have to do this, and it would be a company which would have its paper made here in the United States of America. What they are asking for, what they have had for several years now, is a super buy-America provision, and we are trying to eliminate that and provide a fair opportunity for everybody, including, I might add, the present contract with the Crane Paper Co.
Said by
Michael Castle
Delaware

Editor's note · Context

Discussing legislation related to fair competition for U.S. currency paper contracts.

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