I just want to urge you to look into the fact that weakening the leverage ratio for the largest banks can be problematic.
The whole philosophy of regulation seems to be that the Government can protect consumers from themselves. I think that is wrong.
I expect you to use your positions to make the economy work better for American families.
But today we will hear testimony that some foreign investors are not interested in capturing market share...
Congress responded the next year by adopting FINSA, the Foreign Investment and National Security Act...
Over the past decade, we have seen China become more aggressive.
We must work together as a Congress first to assure the national security of the United States...
I do not believe we should reward their bad behavior with a bilateral investment treaty.
The point of this bill is to ensure that foreign investments made here... are in our economic interest as a country.
We need your work to make sure they continue to stand with us.
One of the main problems with the current NAFTA agreement is that its labor and environmental standards are unenforceable.