Because there has been some confusion about that. The living, breathing person that we are looking for is the beneficial owner, the person that controls.
Carl Levin: “Because there has been some confusion about that. The living, breathing person that we are looking for is the beneficial…”
Editor's note · Context
Senator Levin clarifies the definition of a beneficial owner in corporate ownership.
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I thank my colleague for yielding. The threshold question for any NAFTA replacement must be whether it will finally stop the outflow of American jobs and raise the standard of living for Mexican, Canadian, and, of course, American workers…
May I inquire how much time I have remaining. The Acting CHAIR. The gentleman from Michigan has 45 seconds remaining.
I thank Representative Pressley for being such a great champion for workers in Massachusetts and in our whole country. Madam Speaker, I now yield to the gentlewoman from Illinois (Ms. Schakowsky).
It incentivizes companies to ship jobs to Mexico and out of our communities like mine in southeast Michigan. Mexico has not demonstrated the will, meaningfully, to reform its labor system, and the weakness of USMCA's enforcement mechanisms…





