[Congressional Record Volume 156, Number 90 (Wednesday, June 16, 2010)]
[House]
[Page H4577]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
ON THE REPATRIATION OF AMERICAN MANUFACTURING JOBS
The SPEAKER pro tempore. Under a previous order of the House, the
gentleman from Virginia (Mr. Wolf) is recognized for 5 minutes.
Mr. WOLF. Madam Speaker, I rise to discuss a critical issue for
American families: job creation.
With unemployment still hovering around 10 percent, this country must
focus on new and innovative ways to create jobs in America. I believe
that we must be aggressive and creative in our approach to job
creation. That's why I've been urging both the Federal Government and
my home State of Virginia to work to repatriate jobs that are going
overseas, to bring them back to America. We must launch a systematic
program, led by all the Governors of each State, to identify American
companies that are doing business abroad and incentivize the
repatriation of jobs back to America. This is necessary and feasible.
Earlier this year, The Wall Street Journal reported that a major
American manufacturer, Caterpillar, was considering expanding its
manufacturing inside the U.S. rather than overseas. According to the
article, repatriation is gaining momentum; and after a decade of rapid
globalization, economists say companies are seeing disadvantages of
offshore production,
including shipping costs, complicated logistics, and quality issues.
Political unrest and theft of intellectual property pose additional
risk. I applaud Caterpillar's effort and call on every other American
company to follow its lead.
I believe that every American company has a moral obligation to try
to create jobs in America. American companies with overseas factories
take ample advantage of American law enforcement, the American justice
system, and countless other resources provided by the American
taxpayer. In doing so, they have an obligation--a burden--to contribute
and to support American job creation.
When an American company operating factories overseas needs law
enforcement help, they turn to the FBI, not the Chinese secret police.
When an American company is the victim of cyberattack or intellectual
property theft, they turn to the American Government for support and
assistance, not to the Chinese Government, which is spying and stealing
from them and arresting Catholic bishops and Protestant pastors. That's
why I believe that, if asked, American companies will support their
home country in creating new jobs.
Many of the world's largest companies are American, but much of this
manufacturing and call-center work has shifted overseas over the last
two decades. This trend is fueled primarily by the opening of
international markets, cheap labor, and affordable shipping.
Although free trade has yielded significant benefits to our economy
and consumers, the U.S. has done a poor job of encouraging domestic
manufacturing investment. Now is the time for American companies to
reevaluate their business models and return home. Our competitive
dollar makes the U.S. an excellent location to export to international
markets. Rising oil and gas prices have added to the cost of
international air and shipping, which has helped level the playing
field for U.S. domestic producers. More importantly, we have a highly
skilled and efficient workforce in the U.S. that is ready to help
companies start producing at home.
Finally, I believe that a repatriation initiative is important
because it focuses the U.S. on competing internationally for these jobs
rather than States competing with other States for existing American
jobs. Instead, this will lead to net job growth throughout the United
States.
Over the last 4 months, I've been urging Secretary of Commerce Locke
and other officials in the Department to launch a national repatriation
initiative in conjunction with its export initiative. As a result, I
will be urging the Appropriations Committee to include language in this
year's bill, the 2011 Commerce-Justice-Science bill, to direct the
Department to launch such an initiative working with the Governors of
this country. I hope the administration and my colleagues in the
Congress will embrace this initiative and reach out to large American
companies about bringing the jobs home to America. A major repatriation
program will allow us to create new jobs, promote U.S. exports, and
demonstrate that America can still be a highly competitive manufacturer
in a global market.
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