House Proceeding on Jun 14th, 2006 :: 1:03:37 to 1:06:57
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1:01:58 to 1:03:37( Edit History Discussion )
Speech By: Joe Knollenberg

1:03:24 to 1:03:37( Edit History Discussion )

Joe Knollenberg: the chairman: the gentleman from virginia is recognized. mr. davis: mr. chairman, i oppose this amendment. and let's make no mistake, much of the work that is performed under contracts that would

1:03:37 to 1:03:46( Edit History Discussion )

Tom Davis: be banned under this amendment are performed in the united states by american citizens and we're taking these people and these jobs and eliminating them. it's an ill-considered amendment and

1:03:37 to 1:06:57( Edit History Discussion )
Speech By: Tom Davis

1:03:46 to 1:03:57( Edit History Discussion )

Tom Davis: targeting tax provisions to address the issue of corporate tax policy is appropriate, but penalizing companies by prohibiting them from participating in federal government contracting harms

1:03:57 to 1:04:10( Edit History Discussion )

Tom Davis: both the united states government and its citizens. the government should be able to purchase the best goods and services of world class companies wherever they are located absent compelling national

1:04:10 to 1:04:23( Edit History Discussion )

Tom Davis: interests. we should be able to get the best bulletproof vests, the best body armor, the best armor for our a.p.c.'s that are going around, wherever the companies happen to be headquartered.

1:04:23 to 1:04:33( Edit History Discussion )

Tom Davis: the prohibition here makes no sense. we are also banning companies from doing business for activities that were legal at the time that they made these corporate decisions. this is like an ex post

1:04:33 to 1:04:45( Edit History Discussion )

Tom Davis: facto ban. and do we want the befment technology and premiere information technology services or don't we? that's the question. this amendment is a wonderful way to ensure that we don't. i could

1:04:45 to 1:04:57( Edit History Discussion )

Tom Davis: understand if this amendment applied to iran or syria or north korea, but panama, bermuda, cayman islands? this poses no threat to the united states. preventing successful firms from participating

1:04:57 to 1:05:08( Edit History Discussion )

Tom Davis: in the federal marketplace just because they happen to be incorporated outside the u.s. rejects the free market principles underlying our full and open competitive federal acquisition system. obtaining

1:05:08 to 1:05:19( Edit History Discussion )

Tom Davis: full and open competition from all firms that wish to participate in our federal market is the keystone of our acquisition system ensuring that taxpayers get the most value for their tax dollars.

1:05:19 to 1:05:31( Edit History Discussion )

Tom Davis: domestic source restrictions like this are simply counterproductive, and i might add, they invite retaliation. americans are only 4% of the world's consumers. when we start putting bans on countries

1:05:31 to 1:05:43( Edit History Discussion )

Tom Davis: that we're not going to contract with, they put up similar bans. and the end result is instead of our ability to expand marketplaces for american companies and american jobs, we end up restricting

1:05:43 to 1:05:55( Edit History Discussion )

Tom Davis: it to the 4% of the world's consumers that happen to live in the united states. also, the substance of this amendment is not necessary because congress addressed the issue of corporate

1:05:55 to 1:06:08( Edit History Discussion )

Tom Davis: inversion in the jobs act, the jobs creation act of 2004. the jobs act added a new section to the tax code, section 7874, which treats u.s. companies that complete a corporate inversion

1:06:08 to 1:06:18( Edit History Discussion )

Tom Davis: transaction after march 4, 2002, as domestic u.s. corporations for tax purposes. so we have addressed this issue. this was penalizing companies who made decisions prior to that time. critics

1:06:18 to 1:06:28( Edit History Discussion )

Tom Davis: could argue that companies have engaged in corporate inversions prior to march 4 should be covered by the jobs act, but congress shouldn't ban companies from competing for government contracts

1:06:28 to 1:06:40( Edit History Discussion )

Tom Davis: because illegal transactions they performed more than three years ago and at the same time denying american servicemen and the american government the ability to get the best acquisition products

1:06:40 to 1:06:46( Edit History Discussion )

Tom Davis: that we can for america. in recent years, the house has consistently rejected contracting ban amendments to these amendments. the chairman: the gentleman's time has expired. mr. davis: and i would

1:06:46 to 1:06:57( Edit History Discussion )

Tom Davis: urge a no vote on the delauro amendment. the chairman: the gentleman's time has expired. for what purpose does the gentleman from massachusetts rise? mr. olver: mr. chairman, i move to strike the last word.

1:06:57 to 1:07:15( Edit History Discussion )

Marion Berry: the chairman: the gentleman is recognized for five minutes. mr. olver: mr. chairman, i yield three minutes to the gentleman from arkansas, mr. barry. -- mr. berry. the chairman: the gentleman

1:06:57 to 1:10:43( Edit History Discussion )
Speech By: Marion Berry