Amory Houghton: “I applaud the gentleman from Indiana for bringing up this issue. It is an important one, we have to get at it, we have…”

“I applaud the gentleman from Indiana for bringing up this issue. It is an important one, we have to get at it, we have got to do something about it. The issue is not over the hurt. The issue is how to cure the hurt. It seems to me from my experience that this bill has a heart but it does not have a head. What do I mean by that? First of all, it is not going to go anyplace. Even if it did, it is WTO illegal. Furthermore, the most important thing is we have sort of a reverse golden rule. We are doing unto others what we do not want others to do unto us. An example of that, of course, is the banana issue. I have been in this situation personally. I have been in a company which almost went on its knees because of unfair trading practices, and I relate to that. There are two issues here, though. There is the antidumping issue, and there is the threatening of an industry issue. It is not just antidumping. This is an industry, the steel industry, which is threatened by its very existence, and this is a different part of the trade law and we have got to get at this. But this is not the way to do it, because it is not going to go anyplace. It is not going to be legal. It is going to hurt us long-term. There is another alternative, and I really point to the gentleman from Michigan (Mr. Levin) who has been extraordinarily helpful in this. There is a bill coming up within the next couple of weeks called H.R. 1120.…”