Political Quotes

“as we consider unfinished legislative business for the 107th Congress, I want to take this opportunity to talk about the continuing challenges facing Guam's economy as well as the economies of other insular areas of the United States. Over the past year, the entire country has faced unprecedented economic challenges in the aftermath of September 11 as well as security challenges, and we have responded here in Congress by the consideration of legislation to establish a Department of Homeland Security and have taken steps to restore the peace in the Middle East and to make our security stronger in the Middle East and around the world. Against this backdrop, many of the economic relief measures that were passed by Congress did not address the economic conditions of Guam and the other insular areas for a wide number of reasons regarding the exact nature of the relationship. Fortunately for Guam, legislation was eventually signed into law by President Bush on August 21, the Guam Foreign Investment Equity Act, to provide for equitable rates for foreign investors in Guam and level the playing field.”