Post by blueneck on Mar 2, 2007 16:43:08 GMT -6
Man - I am really starting to like this dude - too bad his presidential campaign got no traction - might make a good Veep for Edwards.
In addition to his sponsorship to the intellectual property theft enforcement bill, he is now proposing a fair trade bill that cracks down on currency manipulation and unfair subsidies
www.insideindianabusiness.com/newsitem.asp?ID=22125
Some excerpts:
“I’ve met with many Hoosier manufacturers during my trips home who tell me about products they’ve seen from Chinese companies that cost less than the materials used to make them,” Senator Bayh said. “In Batesville we have a tool and die company that has competed against a company from Asia that was pricing its finished products at only a half-cent more than the cost of the materials used to make them, let alone the cost of shipping and production. That’s not right, and the SOS Act will help make sure we can use every possible resource to help them here in Washington.”
Currently, U.S. industries have no direct recourse to combat subsidies used by nonmarket economies. Because these illegal subsidies are indirect—often taking the form of free energy and materials, free or reduced rent or loans that will never be collected—affected U.S. companies are left without recourse. If current anti-subsidy laws were applied to illegal Chinese subsidies, the U.S. government could take swift action, protecting American manufacturing and saving countless American jobs.
Senator Bayh has been a leader in the effort to defend American companies and workers from unfair and illegal trade practices. Last month, Bayh introduced legislation to help strengthen enforcement of laws protecting U.S. intellectual property from being stolen by overseas competitors and used to make counterfeit products. Additionally, as a member of the Senate Banking Committee, Bayh has called on China to stop artificially devaluing its currency, which gives Chinese companies a 20 to 40 percent advantage, making it harder for U.S. companies to compete
In addition to his sponsorship to the intellectual property theft enforcement bill, he is now proposing a fair trade bill that cracks down on currency manipulation and unfair subsidies
www.insideindianabusiness.com/newsitem.asp?ID=22125
Some excerpts:
“I’ve met with many Hoosier manufacturers during my trips home who tell me about products they’ve seen from Chinese companies that cost less than the materials used to make them,” Senator Bayh said. “In Batesville we have a tool and die company that has competed against a company from Asia that was pricing its finished products at only a half-cent more than the cost of the materials used to make them, let alone the cost of shipping and production. That’s not right, and the SOS Act will help make sure we can use every possible resource to help them here in Washington.”
Currently, U.S. industries have no direct recourse to combat subsidies used by nonmarket economies. Because these illegal subsidies are indirect—often taking the form of free energy and materials, free or reduced rent or loans that will never be collected—affected U.S. companies are left without recourse. If current anti-subsidy laws were applied to illegal Chinese subsidies, the U.S. government could take swift action, protecting American manufacturing and saving countless American jobs.
Senator Bayh has been a leader in the effort to defend American companies and workers from unfair and illegal trade practices. Last month, Bayh introduced legislation to help strengthen enforcement of laws protecting U.S. intellectual property from being stolen by overseas competitors and used to make counterfeit products. Additionally, as a member of the Senate Banking Committee, Bayh has called on China to stop artificially devaluing its currency, which gives Chinese companies a 20 to 40 percent advantage, making it harder for U.S. companies to compete