Bill Archer: “If this bill does not pass, the FSC provisions that have been railed against by the opponents will continue to be in the…”

“If this bill does not pass, the FSC provisions that have been railed against by the opponents will continue to be in the law. None of that will change. What they call a subsidy, which is actually a reduction of the impediment of double taxation on our companies, will still be in the law. Nothing will change. They act like suddenly everything will change, but what will happen is this: American products will have sanctions put against them between $4 billion and $40 billion a year by the Europeans, all justified by the WTO. And who will then be hit? Will it be the big corporations? The first sanction will be on agriculture. Our farmers will be hit. Then they will put sanctions on man-made staple fibers. Our textile industry will be hit. Then they will put sanctions on cotton and yarns and woven fabrics. Then they will put sanctions on fruits and vegetables and likely our wine, which competes with the French wine. They will pick the sensitive spots to apply these sanctions, but the FSC provisions that have been railed against will still be in the code. This is our only opportunity to protect American workers so that we can continue to export, even in those areas which do not currently get FSC treatment, the injury to the U.S.…”