Thread: Cornyn wants U.S. taxpayers to fund Mexican development

One thing Mr. Bush didn't expect was for us to find out about it till it was all a done deal and then we would have no recourse.......you know.....what's done is done? Well, we found out about it before 2010 and he was not expecting that. But if we were to just let things slide the way they have been, we would be the ones that would definitely suffer, worse than we are now.
It's because of all our fussing about it that anything is being done now.
We just have to keep it up and NEVER let our guards down again, because now WE KNOW just how crooked and corrupt our government is and can be.

bush is only a small player with a lot of power controlled by the
CFR
Shoot, klinton's out there pulling for all he's worth along with the rest of the gang.

They're pushing from ALL sides now. It's the will of the people of the United States of America against a world of Globalist elites. Europeans were screwed and smiled while the act was happening, Canadians are being screwed and most have their heads in the sand...............Mexicans are elated --- they LOVE REDISTRIBUTION of OTHER'S WEALTH landing in their pockets.

We already take care of their anchor babies, medical care, food stamps, welfare, housing, education, prison stays, and they take our jobs away from us, and now we are expectd to set up an Investment Fund to take care of the Mexicans that are still living in Mexico as well ???

God help us all!

Originally Posted by ConcernedCitizen

We already take care of their anchor babies, medical care, food stamps, welfare, housing, education, prison stays, and they take our jobs away from us, and now we are expectd to set up an Investment Fund to take care of the Mexicans that are still living in Mexico as well ???

God help us all!

Mexican citizens have more rights in this country then we do.

I agree Ruthiela, this was not supposed to be dealt with until it was a done deal and we could do nothing about it. However the fight over illegal aliens and amnesty in this country has put alot of other things into the spotlight that our government did not want to be out there just yet. Too bad for them as we are most definitely onto them now and yes immigration reform is just a small piece of a much larger plan for the US. It lays the groundwork for the entire continent to be a union. Unfortunately our government is not only deceiving us but expecting the US citizens to pay for the implementation of the downfall of our country. We must get them out of office and our government before it is too late.

http://www.govtrack.us/congress/bill.xpd?bill=s109-3622

109th U.S. Congress (2005-2006)
S. 3622: North American Investment Fund Act
Overview Floor Speeches Other Info




Official Title: A bill to authorize the President to negotiate the creation of a North American Investment Fund between the Governments of Canada, of Mexico, and of the United States to increase the economic competitiveness of North America in a global economy.

Status: Introduced (By Sen. John Cornyn [R-TX])
This bill is in the first step in the legislative process. Introduced Senate bills go first to Senate committees that consider whether the bill should be presented to the Senate as a whole. The majority of bills never make it out of committee.
Introduced: Jun 29, 2006
Last Action: Jun 29, 2006: Read twice and referred to the Committee on Foreign Relations.

http://thomas.loc.gov/cgi-bin/query/z?c109:s3622:

http://www.govtrack.us/data/us/bills.text/109/s3622.pdf

North American Investment Fund Act (Introduced in Senate)

S 3622 IS


109th CONGRESS

2d Session

S. 3622
To authorize the President to negotiate the creation of a North American Investment Fund between the Governments of Canada, of Mexico, and of the United States to increase the economic competitiveness of North America in a global economy.


IN THE SENATE OF THE UNITED STATES

June 29, 2006
Mr. CORNYN (for himself and Mr. COLEMAN) introduced the following bill; which was read twice and referred to the Committee on Foreign Relations


--------------------------------------------------------------------------------


A BILL
To authorize the President to negotiate the creation of a North American Investment Fund between the Governments of Canada, of Mexico, and of the United States to increase the economic competitiveness of North America in a global economy.


Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `North American Investment Fund Act'.

SEC. 2. ESTABLISHMENT OF THE NORTH AMERICAN INVESTMENT FUND.

The President is authorized to negotiate with the Government of Canada and the Government of Mexico to establish a North American Investment Fund (referred to in this Act as the `Fund') by--

(1) agreeing to certain amendments to the November 1993 Agreement Between the Government of the United States of America and the Government of the United Mexican States Concerning the Establishment of a Border Environment Cooperation Commission and a North American Development Bank; or

(2) negotiating an agreement with the Government of Canada and the Government of Mexico to establish and administer the Fund.

SEC. 3. PURPOSES.

The purposes of the Fund shall be--

(1) to increase the economic competitiveness of North America in a global economy;

(2) to reduce the income gap between Mexico and Canada, and between Mexico and the United States; and

(3) to promote economic development in Mexico in the areas of infrastructure, education, technology, and job training.

SEC. 4. PROJECTS FUNDED.

(a) In General- Grants shall be awarded from the Fund for projects to carry out the purposes described in section 3, including projects--

(1) to construct roads in Mexico to facilitate trade between Mexico and Canada, and Mexico and the United States;

(2) to encourage the development and improve the quality of primary, secondary, and post-secondary education throughout Mexico;

(3) to expand the deployment of communications and broadband infrastructure throughout Mexico, with emphasis on rural and underserved areas; and

(4) to expand job training and workforce development for high-growth industries in Mexico.

(b) Project Selection-

(1) IN GENERAL- The agreement described in section 2 shall include guidelines for determining which projects will receive financial assistance from the Fund.

(2) PRIORITY- In selecting grantees to carry out projects described in subsection (a)(1), priority should be given to projects in the interior and southern regions of Mexico that connect to more developed markets in the United States and Canada.

SEC. 5. CONTRIBUTIONS TO THE FUND.

(a) In General- The agreement described in section 2 shall require the Governments of Canada, of Mexico, and of the United States to contribute to the Fund, subject to the limitations under subsection (b).

(b) Limitations on Contributions by the United States and Canada- The agreement described in section 2 shall include provisions that permit Canada and the United States to contribute to the Fund if the Government of Mexico--

(1) increases the tax revenue collected by such Government, with the goal of annually collecting an amount of such revenue that is equal to 18 percent of the annual gross domestic product of Mexico; and

(2) carries out a program of reforms to increase private investment and economic growth, reduce poverty, and maintain economic stability in Mexico.

SEC. 6. TERM OF THE FUND.

The agreement described in section 2 shall require that the Fund--

(1) operate for an initial period of 10 years; and

(2) cease operations at the end of such 10-year period, unless the Governments of Canada, of Mexico, and of the United States agree to extend the period of operation beyond such initial period.

SEC. 7. REPORT.

Not later than 180 days after the date on which the Government of Mexico complies with the criteria described in paragraphs (1) and (2) of section 5(b), and once every 180 days after such date of compliance and before the finalization of the agreement described in section 2, the President shall submit a report to Congress detailing the progress made by the Government of the United States to establish the Fund in accordance with this Act.

Hmmm, and I thought Cornyn was one of the good guys!