Jeb Hensarling: “I rise in strong support of U.S.-Peru Free Trade Agreement. I regret that heretofore the 110th Congress has been a…”

“I rise in strong support of U.S.-Peru Free Trade Agreement. I regret that heretofore the 110th Congress has been a decisively antitrade Congress, and that is why I want to thank Majority Leader Hoyer and Chairman Rangel for at least bringing this free trade agreement to the floor for a vote. It represents a modest step in the right direction. One thing is very clear tonight when you look at the facts, and that is if a Member will not support the U.S.-Peru Free Trade Agreement, they will support no trade agreement. We have over 200 years of history teaching us that free trade delivers a greater choice of goods and services to our American consumers, and those greater choices mean more competition. More competition has helped lower prices, and this allows American families to buy more using less of their hard-earned paychecks. According to Federal Reserve Chairman Ben Bernanke, increased trade since World War II has helped boost U.S. annual incomes by over $10,000 per household; yet the forces of protectionism want to take that away from the hard-working American family.”