Political Quotes

On the recordJuly 23, 1997
One part of the amendment of the distinguished Senator from Nevada suggests that foreign corporations should not be eligible for funds under this provision of our bill. Our bill does not contain any language relating to this program because we are not limiting the spending of funds that are directed by the legislative language in the farm bill. The last farm bill that was passed directs that funds be made available by the Department of Agriculture for this program in the amount of $90 million. Our bill does not limit the use of those funds. It does not any further restrict the use of those funds. The amendment the Senator has offered will change existing legislative language. I want to read the amendment. Funds made available to carry out this section shall not be used to provide direct assistance to any foreign for-profit corporation, or the corporation's use in promoting foreign-produced products. It shall not be used to provide direct assistance to any for-profit corporation that is not recognized as a small business concern described in section 3(a) of the Small Business Act, ``excluding a cooperative . . . an association described in the first section of the act,'' et cetera--``. . . a nonprofit trade association.'' So the whole point is that this program has been reformed, reformed, and reformed.
Said by
Thad Cochran
Republican · Mississippi

Editor's note · Context

Discussing an amendment related to funding eligibility for foreign corporations in a farm bill.

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