Carl Levin: “Our investigation did, however, reveal that an abundance of long open interest helped to inflate futures prices.”

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

May I inquire how much time I have remaining. The Acting CHAIR. The gentleman from Michigan has 45 seconds remaining.

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…