Constitutional Vote: Yes
China "Normal Trade Relations" Disapproval. House Joint Resolution 50 would have overturned President George W. Bush's decision to extend Normal Trade Relations (NTR) with China for another year. NTR, which used to be known as Most Favored Nation trade status, allows the oppressive Communist government to participate in subsidy programs through such agencies as the U.S. Export-Import Bank. Rep. Dana Rohrabacher (R-Calif.), the sponsor of H.J. Res. 50, pointed out that NTR "has nothing to do with free trade.... It has everything to do with subsidizing and guaranteeing big businessmen who cannot get their loans guaranteed in the private sector because it is too risky to go and set up factories in China."
The House rejected H. J. Res. 50 on July 19, 2001 by a vote of 169 to 259 (Roll Call 255). We have assigned pluses to the yeas.
China "Normal Trade Relations" Disapproval. House Joint Resolution 50 would have overturned President George W. Bush's decision to extend Normal Trade Relations (NTR) with China for another year. NTR, which used to be known as Most Favored Nation trade status, allows the oppressive Communist government to participate in subsidy programs through such agencies as the U.S. Export-Import Bank. Rep. Dana Rohrabacher (R-Calif.), the sponsor of H.J. Res. 50, pointed out that NTR "has nothing to do with free trade.... It has everything to do with subsidizing and guaranteeing big businessmen who cannot get their loans guaranteed in the private sector because it is too risky to go and set up factories in China."
The House rejected H. J. Res. 50 on July 19, 2001 by a vote of 169 to 259 (Roll Call 255). We have assigned pluses to the yeas.
