Political Quotes

“I want to join my distinguished colleague from Illinois (Mr. Porter) in applauding the gentleman from Alabama (Mr. Bachus) for his work on the subcommittee. One of the many currency concerns the distinguished chairman has addressed is the importance of maintaining the dollar's preeminence as the currency of choice in world trade. The ability of banks and other commercial entities to handle a given country's currency quickly and accurately is extremely important. Nearly 60 percent of U.S. currency is held abroad, mainly because of the purchasing power and recognized stability of the dollar. As a result, the dollar is a popular target for counterfeiting. We, as a country, must remain vigilant in the fight against counterfeiting. Therefore, I hope that as the 106th Congress draws to a close and we begin to look forward to the issues we will address in the next Congress, that the chairman of the subcommittee will continue to work on efforts to maintain and enhance the preeminence of the dollar in world trade.”