Political Quotes

On the recordJuly 18, 2002
blatant acts of fraud and misgovernance by executives of some of America's largest companies, most of them large contributors to President Bush, have destroyed the retirement accounts of millions of Americans. But rather than focus on legislation that will increase corporate account bills, the President and House Republicans are pushing for another huge giveaway to corporate America, Fast Track trade legislation. The Fast Track agreement opens the door to expansion of NAFTA-style investor rules that empower foreign corporations to sue State and local governments for billions of dollars if consumer and environmental laws interfere with their profits. A Canadian chemical company has used NAFTA to attack clean water laws in California. A U.S. toxic waste handler successfully challenged the right of a desperately poor Mexican community to block the company from building a toxic dump on top of their water supply. A new study from Tufts University says NAFTA-style corporate lawsuits will eventually line the pocket of global corporations with $32 billion per year in U.S. taxpayer funds. I urge this House to oppose Fast Track when it returns to the House.
Said by
Sherrod Brown
Democratic · Ohio

Editor's note · Context

Addressing concerns over corporate influence and Fast Track trade legislation.

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