Well, how can an arm's-length standard be applied when you have a wholly owned subsidiary, a controlled foreign corporation, where you are setting some kind of a price for an asset that is being transferred?
Questioning the application of arm's-length standards in related-party transactions.
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May I inquire how much time I have remaining. The Acting CHAIR. The gentleman from Michigan has 45 seconds remaining.
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…
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…
I am prepared to close, and I yield myself such time as I may consume. Mr. Chair, while people may have all kinds of opinions on the underlying issue, this amendment is simply about sunshine. It simply is about good government: Will our…
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