[Public Papers of the Presidents of the United States: William J. Clinton (1993, Book I)]
[March 11, 1993]
[Pages 278-279]
[From the U.S. Government Publishing Office www.gpo.gov]



Statement on Joint Production Venture Legislation
March 11, 1993

    I want to commend Chairman Jack Brooks, Senator Pat Leahy, Chairman 
Joe Biden, and the bipartisan leadership of the House and Senate 
Judiciary Committees on the introduction today of an important new bill 
to help create jobs and build a more competitive, high-tech American 
economy. This bill, the National Cooperative Production Amendments of 
1993, will pave the way for companies large and small to pool their 
resources and talents in new joint production ventures. It is just the 
kind of forward-thinking initiative we need to drive our economy toward 
a decade of creative change.
    We live in a world in which our competitive advantage flows more and 
more from our command of high technology, but in which the de-


[[Page 279]]

velopment and production of high-tech products has become enormously 
expensive. It is altogether appropriate to lift the legal barriers that 
prevent good companies from playing to win in the global market, 
provided, of course, that our antitrust laws continue to prevent 
improper collusion. Now is the time, as we work together to turn this 
Nation in a new direction, to strip away outdated impediments to our 
growth and potential.
    I look forward to working with Chairman Brooks, Chairman Biden, 
Senator Leahy, and their colleagues on this important legislation.