Alan B. Mollohan: “What happens when a crisis is not resolved, a crisis that is allowed to grow, both in scope and intensity? In time, that…”

“What happens when a crisis is not resolved, a crisis that is allowed to grow, both in scope and intensity? In time, that crisis will become a disaster. Such a time is near at hand for our domestic steel industry. We are in the third year of an import steel crisis. Our steel companies and workers are buckling under the weight of unprecedented, record-breaking foreign imports, much of it illegal. Thousands of our workers have been laid off. Six of our steel companies in the last 2 years have gone bankrupt. With this year's imports running higher than ever, the continued existence of a viable steel industry in this country is at risk. The only way to avert such a disaster is to cut imports, to reverse the trend which is threatening an industry that is vital to our economy and our national defense. That is why I join the gentleman from New York (Mr. Quinn) in introducing the bipartisan Executive Steel Defense Resolution.”