[Congressional Record Volume 142, Number 124 (Wednesday, September 11, 1996)]
[House]
[Page H10179]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           VOTE ``YES'' FOR THE EXPORTS, JOBS, AND GROWTH ACT

  (Mr. MANZULLO asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. MANZULLO. Mr. Speaker, today we will vote on the Exports, Jobs, 
and Growth Act. This bill is divided into three parts, first the 
Overseas Private Investment Corporation, which helps to ensure against 
long-term political and commercial risk.
  The Congressional Budget Office estimates that OPIC will lower the 
deficit by $600 million over the next 5 years. OPIC is not corporate 
welfare because companies pay, I will repeat, pay for the services they 
receive.
  Second is the Trade Development Agency. This small 38-employee agency 
designs in-U.S. specifications into foreign infrastructure projects so 
American companies can gain valuable contracts overseas.
  Finally is the International Trade Administration division of the 
Commerce Department. Within this division is the United States and 
Foreign Commercial Service which operates 83 field offices in the 
United States. They primarily serve small business exporters in the 
search for export opportunities.
  If Members vote against this legislation, it will unilaterally disarm 
American workers in the global trade war. Our European and Asian 
competitors spend much more on these programs. It is time to wake up to 
the imperfect reality of the global trading system and support this 
legislation. The Clinton administration supports it; business groups 
support it; labor unions support it. Vote for H.R. 3759.

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