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Steny Hoyer: “Lastly, Mr. Leader, the Foreign Sales Corporation Act, as the gentleman knows, we have not modified that, and the…”

On the recordFebruary 26, 2004
Lastly, Mr. Leader, the Foreign Sales Corporation Act, as the gentleman knows, we have not modified that, and the European Union has said on March 1, a few days from now, Monday, they have the ability to start imposing sanctions on U.S. goods. Clearly we need to find a way to address this issue. We are coordinating with the Committee on Ways and Means, the Senate leadership and the White House to resolve the issue in a way that not only ensures our compliance with the World Trade Organization, but also increases the competitive position of all American companies in the global economy.
Said by
Steny Hoyer
Democratic · Maryland
Source
govinfo.gov

Editor's note · Context

Discussing the Foreign Sales Corporation Act and potential EU sanctions on U.S. goods.

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