Political Quotes

“I bring an, actually, very simple amendment to the floor here. What it does is it just adds to the list of the issues that shall be considered by the President when considering one of the covered transactions. The simple language out of the amendment is that the President shall consider the potential effects of the covered transaction on the efforts of the United States to curtail human smuggling and to curtail drug smuggling. It covers a focus on human smuggling and drug smuggling. I support the underlying bill, and I recognize the important role played by the Committee on Foreign Investment in the United States in protecting the American people and the security interests of the United States. One important piece of this legislation will require the President to consider certain factors relating to national security when deciding whether to prohibit the acquisitions, mergers or takeovers that this legislation is intended to scrutinize. The provisions of the bill provide the President with good criteria to use when deciding what actions should be taken to halt a merger acquisition, but it does not go quite far enough. Mr. Chairman, my amendment of this bill would add a simple and straightforward requirement to the subject matter of things that the President should take into consideration when making these decisions.”