On the recordMarch 21, 1997
In my State, Cosco, a Chinese-owned and operated shipping company, has just been awarded to take over the Long Beach Naval Shipyard. Cosco is the same company that just took out the pier in New Orleans. It is the same company, I would say to the gentleman from New York [Mr. Schumer], who passionately believes against assault weapons, and that we have too many weapons in this country, which we do; it is the same company that smuggled in the AK-47's, 2,000 of them, the same kinds of fully automatic weapon that was used in the Los Angeles bank robbery 2 weeks ago. We have M-2's and grenade launchers that are going down to Mexico City out of Long Beach and could affect, in the next 90 days, the elections to put an anti-United States legislature within the Mexican Government and destroy anything, or the gains we have made. The Coast Guard has violated Cosco six times this year and designated them unsafe. Yet both the arms dealer and Cosco gave money to the DNC, the President went along with Long Beach to go ahead and certify them, and at the same time this is the same company that is going to occupy, as of last week, both ends of the Panama Canal.
Source
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