ECAT Praises House Approval of Trade Promotion Authority; Attention Now Must Turn to the Senate.Business Editors WASHINGTON--(BUSINESS WIRE)--Dec. 6, 2001 Harold McGraw III Harold "Terry" McGraw III is president and chief executive officer of McGraw-Hill Companies and chairman of the Business Roundtable, an association of CEOs of American companies. , Chairman of the Emergency Committee for American Trade (ECAT ECAT Escambia County Area Transit ECAT Emergency Committee for American Trade ECAT Electronic Commerce Action Team (New Zealand) Ecat equilibrium catalyst ECAT electronic card assembly and test ECAT Electronic Commerce Acquisition Team ) and Chairman and Chief Executive Officer of The McGraw-Hill Companies (NYSE NYSE See: New York Stock Exchange : MHP MHP Multimedia Home Platform (consumer electronics) MHP Milliyetci Hareket Partisi (Turkish: National People's Party) MHP Mobile Home Park (district) MHP Maximum Human Performance ), applauds the House of Representatives passage today of H.R. 3005, the Bipartisan Trade Promotion Authority Act of 2001. "Trade Promotion Authority is a vital tool in our nation's ability to pursue trade and investment liberalization lib·er·al·ize v. lib·er·al·ized, lib·er·al·iz·ing, lib·er·al·iz·es v.tr. To make liberal or more liberal: "Our standards of private conduct have been greatly liberalized . . . . It will enable U.S. negotiators to bring back the best possible agreements in consultation with Congress to open new markets and create new opportunities for U.S. companies, workers and their families," said McGraw. "H.R. 3005 will restore and improve upon the traditional Executive-Congressional trade partnership by enhancing the U.S. negotiating position and expanding Congressional involvement in trade negotiations. It also seeks to establish a middle ground on the thorny issues of labor and environment negotiating objectives," McGraw added. Calman Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , ECAT President stated, "ECAT and its member companies hail in particular the efforts of Ways and Means WAYS AND MEANS. In legislative assemblies there is usually appointed a committee whose duties are to inquire into, and propose to the house, the ways and means to be adopted to raise funds for the use of the government. This body is called the committee of ways and means. Chairman Bill Thomas, Rules Committee Chairman David Dreier, Ways and Means Trade Subcommittee Chairman Phil Crane and Representatives Cal Dooley, William Jefferson, and John Tanner, who, in working across party lines, achieved this important result for American companies, workers and their families. We also commend the critically important efforts of the Administration, the House Leadership and other key Members of the House without which passage of this important legislation would not have been possible." Cohen emphasized that "Our attention must now turn to the Senate, where Finance Committee Chairman Max Baucus has committed to markup Trade Promotion Authority next week. ECAT and its member companies will immediately redouble our efforts in the Senate to support passage of Trade Promotion Authority by the Finance Committee next week and the full Senate as soon as possible." Founded in 1967, ECAT is an organization of the heads of leading U.S. international business enterprises representing all major sectors of the American economy. Their annual worldwide sales total over $1.5 trillion and they employ approximately four and one-half million persons. ECAT's purpose is to promote economic growth through the expansion of international trade and investment. |
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