[Congressional Record Volume 169, Number 107 (Tuesday, June 20, 2023)]
[Senate]
[Page S2132]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                       Tax Convention with Chile

  Madam President, now on the Chile tax treaty, tomorrow, the Senate 
will vote to advance a crucial treaty impacting America's clean energy 
and business relationships between Chile and the United States.
  A lot is at stake in our treaty with Chile, including America's 
global competitiveness and the future of our clean energy transition. 
This United States-Chile treaty is very similar to other treaties we 
have with more than 60 countries around the world, many of which 
support U.S. jobs and business growth. So I hope this treaty passes the 
Senate very quickly.
  Chile is one corner of the so-called Lithium Triangle, home to the 
world's largest lithium reserves and currently the second largest 
lithium producer. Lithium is a key ingredient for so many important and 
emerging technologies, from iPhones to EV batteries to energy storage. 
Nations around the world, including the United States are racing to 
source these precious materials.
  But right now, American companies are at a significant disadvantage. 
Because the United States doesn't have a tax treaty in place with 
Chile, they face double taxation and other barriers to investment and 
trade. Countries like China have an edge on us. It is an unnecessary 
roadblock to a fruitful and economically prosperous partnership between 
Chile and the United States.
  Ratifying the Chile tax treaty would quickly remedy this issue. This 
treaty has been in the works for over a decade. It now has strong 
bipartisan support, and now is the time to finally get it across the 
finish line.
  I am pleased that we are finally moving the treaty forward on the 
floor this week. I thank my colleagues on both sides of the aisle--
Senators Menendez and Risch and many others--for their work.
  I yield the floor.
  I suggest the absence of a quorum.
  The PRESIDENT pro tempore. The clerk will call the roll.
  The legislative clerk proceeded to call the roll.
  Mr. McCONNELL. Madam President, I ask unanimous consent that the 
order for the quorum call be rescinded.
  The PRESIDENT pro tempore. Without objection, it is so ordered.