Political Quotes

On the recordJanuary 21, 1997
In 1993, 4 years after international negotiations had failed to produce an agreement to end foreign subsidies, Congress and President Clinton revived and amended a modest ship loan guarantee program called Title XI. The purpose of this program was to help U.S. shipbuilders recapture commercial market share in the face of dramatic cuts in the Navy's shipbuilding plan and continued foreign government subsidies in the commercial market.
Said by
Olympia Snowe
Republican · Maine
Source
govinfo.gov

Editor's note · Context

Discussing the revival of a ship loan guarantee program to support U.S. shipbuilders.

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