On the recordMarch 9, 2006
My amendment provides that immediately after the House adopts this rule, it will bring up legislation that does two things, undergirding what my good friend, the ranking member of the Appropriations Committee, Mr. Obey, mentioned in his remarks earlier. First, it stops the President from moving forward with his deal to transfer operations at a number of our Nation's busiest ports, including the Port of Miami immediately south of my district, to the Government of Dubai state-owned Dubai Ports World. This is the identical language that was offered in the Appropriations Committee yesterday by Chairman Lewis and later adopted by the committee on yesterday. Secondly, the legislation would strengthen the process by which our government reviews future foreign takeovers. Specifically, it would require that all foreign transactions that could result in foreign control of any entity engaged in interstate commerce to undergo a thorough review that mandates the direct involvement of the President and the Congress. Whatever Members believe about the Dubai agreement, the House should be guaranteed an up-or-down vote on whether or not we want to turn control of a significant number of our Nation's ports over to a company that is owned by a foreign government. This administration, without consulting the Congress, negotiated a secret backroom deal to turn the management of our vital ports over to a foreign entity.…
Source
govinfo.gov




