H6132 CONGRESSIONAL RECORD — HOUSE September 19, 2012 

We’re naming a park today. Yesterday we had the naming of parts, and 

not just Japan but our humanity was 

obliterated. Do we get a chance to reclaim it? 

I reserve the balance of my time. 

Mr. HASTINGS of Washington. I am 

prepared to close, Mr. Speaker, if the 

gentleman will yield back his time. 

Mr. KUCINICH. I yield back the remainder of my time. 

Mr. HASTINGS of Washington. I 

yield myself such time as I may consume. 

Mr. Speaker, this bill is really not as 

complicated as my good friend from 

Ohio tries to make it appear to be. 

Now, I recognize, and we’ve had conversations on this when the bill was introduced, and I respect his opinion, but 

I respectfully disagree with his opinion 

and his arguments. There is nothing 

wrong with that. After all, we’re Americans, and we can do that in America. 

But I want to, and with the gentleman, what I heard him saying was 

dealing in what if and what would be 

an ideal world. Well, we’d all like to 

have an ideal world. But let’s talk 

about reality at that time. 

We were forced into the Second 

World War. Germany, of course, had 

started, some can say, started that war 

with their blitzkrieg on September 1, 

1939, into Poland. You could say it may 

have started when Japan started expanding where they were going in the 

Pacific, and certainly when they attacked us on December 7, 1941. 

Whether we liked it or not, we were 

in a war for survival. There is no question about that. That is simply the 

facts. 

In the process of carrying out that 

war, and by the way, Mr. Speaker, let 

me say that war is absolutely unpredictable, but because if you’re logically 

thinking about war, if it were predictable, it wouldn’t have happened in the 

first place. But the very nature of war 

is unpredictable. 

So we didn’t know where we were, 

but we had heard that Nazi Germany 

was developing an atomic weapon. 

Now, they had been building a military 

machine long before because we were 

caught a bit off guard in the Second 

World War. We were not a warring Nation. So we had to use whatever technology we had in order to defend our 

freedoms. One way that was decided 

was to build an atomic weapon if we 

had to use that atomic weapon. 

What this bill purports to do is nothing more than to talk about the ingenuity of the American people to develop this weapon when the nuclear industry was relatively in its infancy, 

and did it in such a short time frame. 

That is something that we ought to put 

into our history books because we do 

put past battles in our history books. 

Just earlier this week was the 150th 

anniversary of Antietam, right up the 

road here in Sharpsburg, Maryland— 

the largest single-day casualty in 

American history at that time. Yet we 

memorialize the battlefield because it 

helped preserve our Union and get our 

Union back together. 

So I think it’s right that we look at 

these from that perspective. 

Now, I can only imagine how difficult 

a decision it was for President Truman 

shortly after President Roosevelt had 

died to make this decision; but he 

made it because in his judgment, given 

the information he had, it would probably save more lives than it would cost 

by dropping a bomb. That was the judgment he made. 

Let me speak just a little bit about, 

again, the ingenuity and the technology of what happened, and I can 

only speak about my area, Hanford, 

and about, specifically, about the B Reactor. 

This is the first nuclear reactor that 

was built in this country; and from 

start to finish, it was built in less than 

a year. The technology at that point 

wasn’t even proven. Yet when they 

started the B Reactor and went ‘‘hot,’’ 

as they said, it obviously did what it 

was supposed to do. It was a tremendous scientific achievement. 

To open this up to the public and 

open this up to school children to see 

what we can do and what we did in this 

country to protect the freedoms and 

liberty we have, I think is worth preserving. 

Again, all this does is take those 

three main sites that largely are already owned by the government, transfer them to the National Park Service, 

and show them to the public so we can 

learn and remember what happened 

during that time. 

Finally, Mr. Speaker, let me say that 

I’ve been down on this floor many 

times criticizing the Obama administration. But the Obama administration, through Secretary Salazar and 

the Department of the Interior, is in 

favor of legislation establishing precisely what this bill and the Senate bill 

hope to do. 

So while I have differences with 

them, I certainly congratulate them 

for recognizing how important this legislation is. 

With that, Mr. Speaker, I urge adoption of the legislation, and I yield back 

the balance of my time. 

The SPEAKER pro tempore. The 

question is on the motion offered by 

the gentleman from Washington (Mr. 

HASTINGS) that the House suspend the 

rules and pass the bill, H.R. 5987, as 

amended. 

The question was taken. 

The SPEAKER pro tempore. In the 

opinion of the Chair, two-thirds being 

in the affirmative, the ayes have it. 

Mr. KUCINICH. Mr. Speaker, on that 

I demand the yeas and nays. 

The yeas and nays were ordered. 

The SPEAKER pro tempore. Pursuant to clause 8 of rule XX, further proceedings on this question will be postponed. 

b 2020 

GLOBAL INVESTMENT IN 

AMERICAN JOBS ACT OF 2012 

Mrs. BONO MACK. Mr. Speaker, I 

move to suspend the rules and pass the 

bill (H.R. 5910) to direct the Secretary 

of Commerce, in coordination with the 

heads of other relevant Federal departments and agencies, to produce a report on enhancing the competitiveness 

of the United States in attracting foreign direct investment, and for other 

purposes, as amended. 

The Clerk read the title of the bill. 

The text of the bill is as follows: 

H.R. 5910 

Be it enacted by the Senate and House of Representatives of the United States of America in 

Congress assembled, 

SECTION 1. SHORT TITLE. 

This Act may be cited as the ‘‘Global Investment in American Jobs Act of 2012’’. 

SEC. 2. FINDINGS. 

Congress finds the following: 

(1) It remains an urgent national priority 

to improve economic growth and create new 

jobs. 

(2) National security requires economic 

strength and global engagement. 

(3) Businesses today have a wide array of 

choices when considering where to invest, 

expand, or establish new operations. 

(4) Administrations of both parties have 

consistently reaffirmed the need to maintain 

an open investment climate as a key to domestic economic prosperity and security. 

(5) The United States has historically been 

the largest worldwide recipient of global investment but has seen its share of inbound 

global investment decline relative to its 

gross domestic product in recent years. 

(6) Governors and mayors throughout the 

United States face increasing competition 

from other countries as they work to recruit 

investment from global companies. 

(7) Foreign direct investment can benefit 

the economy and workforce of every State 

and Commonwealth in the United States. 

(8) According to the latest Federal statistics, the United States subsidiaries of companies headquartered abroad contribute to 

the United States economy in a variety of 

important ways, including by— 

(A) providing jobs for nearly 5,300,000 

Americans with average compensation that 

is approximately 33 percent higher than the 

national private-sector average, as these jobs 

are often in high-skilled, high-paying industries; 

(B) strengthening the United States industrial base and employing nearly 15 percent of 

the United States manufacturing sector 

workforce; 

(C) establishing operations in the United 

States from which to sell goods and services 

around the world, thereby producing nearly 

18 percent of United States exports; 

(D) promoting innovation with more than 

$41,000,000,000 in annual United States research and development activities; 

(E) paying nearly 17 percent of United 

States corporate income taxes; and 

(F) purchasing more than $1,800,000,000,000 

in domestic goods and services annually 

from local suppliers and small businesses, 

amounting to 80 cents for every dollar spent 

on input purchases. 

(9) These companies account for 5.8 percent 

of United States private sector Gross Domestic Product. 

(10) The Secretary of Commerce and the 

Secretary of State have declared increasing 

inbound global investment to be among their 

top priorities. 


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September 19, 2012 CONGRESSIONAL RECORD — HOUSE H6133 

(11) The President issued a statement in 

2011 reaffirming the longstanding open investment policy of the United States and encouraged all countries to pursue such a policy. 

(12) The President signed an Executive 

order in 2011 to establish the SelectUSA initiative, aimed at promoting greater levels of 

business investment in the United States. 

(13) The President’s Council on Jobs and 

Competitiveness in 2011 recommended the establishment of a National Investment Initiative to attract $1,000,000,000,000 in new business investment from abroad. 

(14) The United States and the European 

Union recently unveiled a set of principles 

aimed at promoting a more open climate for 

international investment and intended as a 

model for countries around the world. 

(15) Maintaining the United States commitment to open investment policy encourages other countries to do the same and enables the United States to open new markets 

abroad for United States companies and 

their products. 

SEC. 3. SENSE OF CONGRESS. 

It is the sense of Congress that— 

(1) the ability of the United States to attract inbound investment, particularly net 

new investment, is directly linked to the 

long-term economic prosperity, competitiveness, and security of the United States; 

(2) in order to remain the most attractive 

location for global investment, Congress and 

Federal departments and agencies should be 

mindful of the potential impact upon the 

ability of the United States to attract foreign direct investment when evaluating proposed legislation or regulatory policy; 

(3) it is a top national priority to enhance 

the competitiveness, prosperity, and security 

of the United States by— 

(A) removing unnecessary barriers to inward global investment and the jobs that it 

creates throughout the United States; and 

(B) promoting policies to ensure the United 

States remains the premier destination for 

global companies to invest, hire, innovate, 

and manufacture their products; and 

(4) while foreign direct investment can enhance our economic strength, policies regarding foreign direct investment should reflect national security interests. 

SEC. 4. AMENDMENT TO FOREIGN DIRECT INVESTMENT AND INTERNATIONAL FINANCIAL DATA IMPROVEMENTS ACT 

OF 1990. 

Section 3 of the Foreign Direct Investment 

and International Financial Data Improvements Act of 1990 (22 U.S.C. 3142) is amended 

by adding at the end the following: 

‘‘(d) REVIEW OF UNITED STATES LAWS AND

POLICIES ON FOREIGN DIRECT INVESTMENT IN

THE UNITED STATES.— 

‘‘(1) REVIEW.—The Secretary of Commerce, 

in coordination with the Federal Interagency 

Investment Working Group and the heads of 

other relevant Federal departments and 

agencies, shall conduct an interagency review of United States laws and policies on 

foreign direct investment in the United 

States and develop recommendations to 

make the United States more competitive in 

attracting and retaining strong investment 

flows from abroad. 

‘‘(2) ADDITIONAL MATTERS TO BE INCLUDED.— 

The review conducted pursuant to paragraph 

(1) shall include the following: 

‘‘(A) A review of the current economic impact of foreign direct investment in the 

United States and broader trends in global 

cross-border investment flows, including an 

assessment of the current United States 

competitive position as an investment location for companies headquartered abroad. 

‘‘(B) A review of United States laws and 

policies that uniquely apply to foreign direct 

investment in the United States, with particular focus on those laws and policies that 

may have the effect of diminishing or promoting the ability of the United States to 

attract and retain foreign direct investment. 

‘‘(C) A review of ongoing Federal Government efforts to improve the investment climate, reduce investment barriers, and facilitate greater levels of foreign direct investment in the United States. 

‘‘(D) Recommendations based on the review carried out pursuant to subparagraph 

(B), including a comparative analysis of efforts of other competing countries, to make 

the United States more competitive in attracting global investment. 

‘‘(E) The impact of foreign direct investment on innovation and national economic 

competitiveness. 

‘‘(F) A review of State and local government initiatives to attract foreign investment. 

‘‘(3) COMMENT PERIOD.—The review conducted under paragraph (1) shall include an 

open comment period to solicit public input 

on matters covered by the review. 

‘‘(4) INCLUSION IN REPORT.—The Secretary 

of Commerce shall include the results of the 

review conducted pursuant to paragraph (1) 

in the first report prepared under subsection 

(a) of this section on or after the date of the 

enactment of the Global Investment in 

American Jobs Act of 2012.’’. 

The SPEAKER pro tempore. Pursuant to the rule, the gentlewoman from 

California (Mrs. BONO MACK) and the 

gentleman from Georgia (Mr. BARROW) 

each will control 20 minutes. 

The Chair recognizes the gentlewoman from California. 

GENERAL LEAVE

Mrs. BONO MACK. Mr. Speaker, I 

ask unanimous consent that all Members may have 5 legislative days in 

which to revise and extend their remarks and insert extraneous materials 

into the RECORD on H.R. 5910. 

The SPEAKER pro tempore. Is there 

objection to the request of the gentlewoman from California? 

There was no objection. 

Mrs. BONO MACK. Mr. Speaker, I 

yield myself such time as I may consume. 

Mr. Speaker, as chairman of the 

House Subcommittee on Commerce, 

Manufacturing and Trade, I rise today 

in strong support of H.R. 5910, the 

Global Investment in American Jobs 

Act of 2012. This legislation directs the 

Department of Commerce, in coordination with the heads of other relevant 

Federal departments, to produce an 

interagency report on enhancing the 

competitiveness of the United States in 

attracting foreign and direct investment. 

This is a commonsense, bipartisan 

approach to creating new jobs in America, and I would like to thank my colleagues—Mr. DOLD, Mr. PETERS, Mr. 

ROSKAM and Mr. BARROW—for their 

hard work on this important legislation. I would also like to thank Energy 

and Commerce Committee Chairman 

UPTON, Ranking Member WAXMAN, and 

subcommittee Ranking Member 

BUTTERFIELD for all agreeing to bring 

H.R. 5190 to the floor. It has the strong 

support of leading business groups, including the U.S. Chamber of Commerce, the Organization for International Investment, the Association 

of Global Automakers, and the National Association of Manufacturers. 

Today, with our economy stuck in a 

dangerous quagmire—and with unemployment still above 8 percent for a 

record 43 straight months—we need to 

take a long, hard look at U.S. laws and 

policies which serve as barriers to foreign direct investment in our Nation 

here at home. The goal of the Global 

Investment in American Jobs Act is to 

produce a much-needed ‘‘competitiveness assessment report’’ to Congress, 

along with a list of recommendations 

to make the U.S. more appealing to 

global companies seeking to expand beyond their borders. 

This legislation comes at a very critical time. The value of cross-border investment has grown dramatically 

around the world, but America simply 

isn’t cashing in like it once did. Just a 

decade ago, the U.S. attracted more 

than 41 percent of all global foreign investment. Today, that number has fallen to 18 percent—a steep, costly, and 

unacceptable decline. 

In many ways, we’re being out-recruited by other nations. In a recent 

global ranking of the world’s most 

competitive economies, the U.S. 

slipped from fifth to seventh—marking 

the fourth straight year in which our 

Nation has shown a decline, despite 

having the world’s largest economy. 

This constant chipping away at America’s ability to compete for foreign investment is contributing to our unacceptably high unemployment rate and 

adding to our exploding national debt. 

This legislation is simply one way to 

fight back. 

International investment has long 

served as an engine for U.S. economic 

prosperity, and it can play an important role in our economic recovery in 

the years ahead. 

Today, the U.S. subsidiaries of international companies employ 5.3 million 

American workers, account for about 

15 percent of the country’s manufacturing workforce, produce more than 20 

percent of all U.S. goods exported, and 

fund more than $40 billion of annual research and development activities. 

These companies also support a diverse 

supplier network throughout our country, purchasing roughly $2 trillion in 

annual goods and services that help to 

sustain thousands of small and medium-sized American companies. 

The Global Investment in American 

Jobs Act aims, for the very first time, 

to identify barriers to new investment 

and to produce a road map for attracting and retaining top-tier businesses 

from around the world. Strong investment promotion policy will not only 

spur international companies to create 

jobs here in the U.S., but it will also 

encourage other nations to open their 

markets to U.S. investment necessary 

to access foreign markets. 

Simply put, this legislation sends an 

important message to the world: today, 

America is not only open for business, 

but it’s also a great place to do business. 


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H6134 CONGRESSIONAL RECORD — HOUSE September 19, 2012 

With that, Mr. Speaker, I reserve the 

balance of my time. 

Mr. BARROW. Mr. Speaker, I yield 

myself such time as I may consume. 

Mr. Speaker, I too rise in support of 

H.R. 5910, the Global Investment in 

American Jobs Act of 2012. 

Our success as a country depends 

more and more on being competitive in 

a global economy. The United States 

has historically been a very attractive 

investment for foreign businesses. In 

fact, foreign-owned businesses add over 

5 million good-paying jobs to the U.S. 

labor force, produce nearly 18 percent 

of all U.S. exports, pay nearly 17 percent of all U.S. corporate income taxes, 

and purchase nearly $2 trillion in goods 

and services from other domestic small 

businesses. 

This bill simply requires the Department of Commerce to work with the 

heads of other relevant Federal departments to conduct a review of U.S. laws 

and policies that affect foreign investment in the U.S. and then make recommendations on how we can be more 

competitive in attracting foreign investment. 

As our global competitors continue 

to develop, we have to evolve as well 

just to keep up. This bill will give us a 

fuller picture of our challenges and opportunities so we can develop a coordinated strategy for economic success. 

It’s the key to our economic well-being 

in the decades to come. 

I want to thank Congressman DOLD, 

Congressman ROSKAM, and Congressman PETERS for their collaborative and 

bipartisan work on this bill. Working 

together isn’t just the right way to do 

things around here; it’s the only way to 

actually get anything done around 

here. However much we may tend to 

forget that in this body, it’s the only 

way to truly represent the Nation as a 

whole. 

With that, Mr. Speaker, I reserve the 

balance of my time. 

Mrs. BONO MACK. Mr. Speaker, I am 

pleased to yield 5 minutes to one of the 

very hardworking authors of this legislation, the gentleman from Illinois 

(Mr. DOLD). 

Mr. DOLD. Mr. Speaker, I certainly 

want to thank my good friend from 

California for yielding the time and for 

her leadership on the subcommittee. 

Mr. Speaker, global investment 

grows our economy right here at home. 

It means good-paying, solid American 

jobs. The United States is the premier 

location around the world for companies to invest and establish operations, 

but the reality is that other nations 

are getting better at challenging the 

United States for foreign direct investment opportunities. In fact, the United 

States share of global foreign investment has declined, as my friend from 

California pointed out, from over 41 

percent in 1999 to what is under 18 percent—actually 17.6 percent in 2009. 

While America still leads the way in 

attracting this inbound or inward investment, the data make it clear that 

we must do better in order to remain 

the premier location for global investment in the 21st century. That’s why I 

am proud to introduce and champion 

H.R. 5910, the Global Investment in 

American Jobs Act. I urge my colleagues who are focused on improving 

our economy and creating American 

jobs to vote in support of this legislation so that it can get signed quickly 

by the President. 

The Global Investment in American 

Jobs Act has earned broad bipartisan 

support both here in the House and in 

the United States Senate. And I want 

to thank Congressman ROSKAM, Congressman BARROW, Congressman 

PETERS, as well as Senators KERRY and 

CORKER, for helping lead the push for 

this legislation. I also want to thank 

the many cosponsors who recognize 

how important this legislation is to 

growing our economy and keeping jobs 

here at home. 

This legislation provides a road map 

for enhancing the U.S. competitiveness 

and attracting foreign direct investment into the United States. It does 

this by expanding on an existing Commerce Department report and charges 

the Commerce Department to identify 

certain policies and regulations— 

whether those are in existence intentionally or, more importantly, indirectly or unintentionally—that might 

uniquely create a barrier for investment here in the United States. It also 

helps us gain a better understanding of 

which current policies promote this 

much-needed global investment into 

the United States and into our communities. 

Mr. Speaker, in Illinois, insourcing 

currently accounts for a little over 

273,000 direct jobs, including many 

great jobs in the 10th District of Illinois. But it’s not just in Illinois. The 

benefits of this inbound investment is 

seen in literally every State, helping us 

to sustain innovation, manufacturing, 

trade, supplier networks, and over 5 

million direct jobs throughout our Nation. 

b 2030 

But with other nations actively reforming their policies in an effort to 

make their countries increasingly 

more competitive for these global investments, it’s critical that the United 

States do the same. 

Promoting and encouraging global 

investment into our country, and the 

jobs that will come with it, is something that we all should promote. It is 

something that has been identified as 

key to economic growth in our country, certainly in the Chicago region, 

and it is something that I’m proud to 

lead the charge on in Congress. 

I urge my colleagues to vote ‘‘yea’’ 

on the legislation, and I want to thank 

my colleague from Georgia for his help 

and leadership as well. 

Mr. BARROW. Mr. Speaker, there 

being no further speakers on our side, I 

would inquire of the gentlelady from 

California if she has any further speakers on hers. 

Mrs. BONO MACK. No, I do not have 

any further speakers. At this time, I’m 

prepared to close. 

Mr. BARROW. With that, Mr. Speaker, it falls to me only to thank, once 

again, Congressman DOLD, Congressman ROSKAM, and Congressman PETERS

for their work on this bill. 

I yield back the balance of my time. 

Mrs. BONO MACK. Mr. Speaker, I’m 

just going to say that there’s absolutely no magic bullet for putting 

Americans back to work again, but 

what we can do and what we should do 

is eliminate the endless roadblocks to 

job creation which are acting like a 

tire boot on the U.S. economy. Today 

we’re simply going nowhere fast. 

This bill will help to get America 

moving again by removing many of 

those barriers and by developing a 

much-needed plan for attracting toptier businesses from around the world. 

Today, with more than 23 million 

Americans who are unemployed or underemployed, it’s time to cut that tire 

boot off of our economy and to develop 

a new roadmap for prosperity. The 

Global Investment in American Jobs 

Act of 2012 is one way for us to start on 

that journey. 

Mr. Speaker, again, I applaud my colleagues for their hard work, and I 

thank them very much for what 

they’ve done. 

I strongly urge all of my colleagues 

to adopt H.R. 5910. It is a bipartisan 

bill. It’s supported by leading business 

groups. And when it comes to job creation, it’s another piece to the puzzle 

that simply fits perfectly. 

I yield back the balance of my time. 

The SPEAKER pro tempore. The 

question is on the motion offered by 

the gentlewoman from California (Mrs. 

BONO MACK) that the House suspend 

the rules and pass the bill, H.R. 5910, as 

amended. 

The question was taken; and (twothirds being in the affirmative) the 

rules were suspended and the bill, as 

amended, was passed. 

A motion to reconsider was laid on 

the table. 

f 

DRYWALL SAFETY ACT OF 2012 

Mrs. BONO MACK. Mr. Speaker, I 

move to suspend the rules and pass the 

bill (H.R. 4212) to designate drywall 

manufactured in China a banned hazardous product, and for other purposes, 

as amended. 

The Clerk read the title of the bill. 

The text of the bill is as follows: 

H.R. 4212 

Be it enacted by the Senate and House of Representatives of the United States of America in 

Congress assembled, 

SECTION 1. SHORT TITLE. 

This Act may be cited as the ‘‘Drywall 

Safety Act of 2012’’. 

SEC. 2. SENSE OF CONGRESS. 

It is the sense of Congress that— 

(1) the Secretary of Commerce should insist that the Government of the People’s Republic of China, which has ownership interests in the companies that manufactured and 


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