Congressional bill to stop federal financing of offshoring

[Dave Farber <dave () farber net>]

-----Original Message-----
From: Andreas Ramos <andreas () andreas com>
Date: Thu, 04 Mar 2004 10:10:19 
To:dave () farber net
Subject: Congressional bill to stop federal financing of offshoring

NEW YORK (Reuters) - About 50 U.S. House of Representatives members plan to
introduce a bill on Wednesday that would deny U.S. companies federal
financing and loan guarantees if they shift U.S. jobs overseas.

It's the first national attempt to deal with the issue of "offshoring," or
sending U.S. manufacturing and service jobs to lower-cost venues abroad.
About 20 states have proposed laws that to ban the offshoring of state
contracts.

For example, the bill would require a US Export-Import Bank loan applicant
to specify the number of employees in the United States and abroad. If the
number of non-U.S. workers increases while U.S. worker numbers fall, the
loan would be canceled.

More at
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4489321

yrs,
andreas
www.andreas.com

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