Mr. Speaker, I yield myself such time as I may consume. I appreciate the effort, Mr. Speaker, by Chairman Levin to address the concerns of Ranking Member Camp and other Republican Members that were raised at our various hearings. And while the revised version addresses the WTO consistency issue, my view is that, on balance, the promises that this bill makes to compel China to appreciate its currency to reduce the trade deficit and to create U.S. jobs won't be realized, and, therefore, I oppose this bill. Rather than focus on China's currency policy alone, a priority must be creating American jobs by promoting U.S. exports, and this bill doesn't do enough to provide new market access for American businesses, farmers, and workers. If we are to meet the President's goal of doubling exports, we must focus our energy on tearing down real substantive barriers to U.S. access to China's consumers. We must require China to better U.S. intellectual property rights and end its directed lending, cease its innovative policy, and move other artificial barriers to U.S. exports. Such an effort would benefit thousands more American workers than the focus on China currency alone. I am concerned that moving on this bill makes it more difficult for us to resolve these other issues, and I think we ought to be careful to avoid doing more harm than good in tearing down these barriers. Breaking down barriers to U.S.…
Share & report
More from Kevin Brady
Mr. Speaker, I thank Mr. Lucas for his leadership on science, which is of so much importance to our country. It is official; we are in a recession. Joe Biden's economy is a cruel economy. Americans are finding this out more and more each…
Madam Speaker, I would note that our professional staff was ready to join in redaction; however, we were forced to prepare for this floor action and offered to do that together after we were done this morning. Madam Speaker, I include in…
Madam Speaker, I include in the Record an article from yesterday's Los Angeles Times confirming the release of tax returns does nothing to evaluate the IRS auditing process or to advance any legitimate oversight goal. [From the Los Angeles…
Madam Speaker, I include in the Record this Penn Wharton School of Business analysis that debunks the Inflation Reduction Act, showing how this bill will reduce inflation by less than a tenth of 1 percent in the first 5 years, with zero…





