Granting permanent NTR status to China involves voting to end application of Title IV of the Trade Act of 1974 to China. Both the Senate and the House of Representatives must vote on the issue. He will remind us that the government does have a role in promoting economic growth. This can be a positive role or a negative role. One of the most positive things our federal government can do to continue our nation's economic growth is to promote free trade.
Free trade is good for our high tech economy.
It is good for our nation's farmers. It is good for our nation's workers. It is important for our nation's prosperity. I have asked the Majority Leader to schedule a vote on granting permanent normal trading status to China for the week of May 22. By extending permanent normal trade status to China, we give our nation's entrepreneurs an opportunity to export out American values and our American products to the people of China.