Carl Levin: “During most of 2007, we maintained a net short sub-prime position and therefore stood to benefit from declining prices…”

I claim the time in opposition to this amendment. The Acting CHAIR. The gentleman is recognized for 5 minutes.

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…

I thank the chairman so much for his leadership. Madam Speaker, at base, what we are talking about here is whether workers in this country are free to come together and form a union. All of these amendments are designed to undermine that…

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…