Political Quotes

“Mr. Speaker, I rise today in support of the Foreign Investment Risk Review Modernization Act. I want to thank the House authors of this bill, particularly the gentleman from North Carolina (Mr. Pittenger), for his outstanding leadership on this effort; and my friend, the gentleman from Washington (Mr. Heck); also the Senate authors, Senator Cornyn and Senator Feinstein; and House Chairman Hensarling, Chairman Royce, Chairman Nunes, Chairman Thornberry, and Chairman Walden; as well as House leadership for their efforts in bringing this nonpartisan legislation to the floor. Just by that list, you understand how complex this issue is because it involves not only a multiagency effort of this government, it requires the concerted and cooperative efforts of many committees in this House and in Congress generally because of the shared jurisdiction. In 2016, new foreign direct investment added $894 billion in value to the U.S. economy. Today, 6.8 million American workers are employed by international companies, including 20 percent of U.S. manufacturing workers. In my own district in Kentucky, Toyota Motor Manufacturing, Kentucky, Inc. supports 8,500 jobs as a result of benign foreign direct investment, a great example of this. These are typically higher paying jobs. So it is critical that we preserve in the United States an open investment climate, to the extent possible, consistent with national security objectives.…”