Thread: Heads Up! New Senate bill just introduced.

It looks like a very bad one folks.

Here is what I have so far.

new Senate Bill that was introduce by John Cornyn (TX) and Norm Coleman (MN) that would require US Taxpayers to fund infrastructure projects within Mexico. This is on top of the billions earned here by illegal aliens holding American jobs, that is sent back to Mexico, never to be seen or spent in America again!!! These guys are killing our economy, our jobs, our sovereignty, and they need to be exposed!

The Senate Bill is S. 3622

Looks like a bill to use YOUR tax dollars to fund infrastructure projects in MEXICO and CANADA.

Will get the text up asap!

W

This is just in time to appease the new Presidente of Mexico. Didn't he just demand this of us?

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.

http://thomas.loc.gov/cgi-bin/query/z?c109:S.3622:

Originally Posted by TexasCowgirl

This is just in time to appease the new Presidente of Mexico. Didn't he just demand this of us?

YES!
Here's the SPP in action. One bite at a time!!!

Cornyn......the snake strikes again!
What's he getting out of selling out America?? He's getting something big.

Approval of this ammendment would be a real travesty! We can't fund new border fences to enhance our secruity, but Cornyn and Coleman actually thinks we can afford to fund the building of infrastructure in another country. The Capitol Hill gang definitely have a screwed up sense of priorities!

Perhaps the intention is good, because increased infrastructure in Mexico would mean more jobs for Mexican citizens, but paying for it with American tax payer dollars is just wrong, wrong, wrong, especially when we're up to our eybrows in debt.

I guess we see why the vote to deny funding for a border security fence. The insane Senate plans to build roads and bridges.

Now this makes me mad.

The Capitol Hill idiots do have screwed up priorities!! They need to be thinking about improving the education system for our young people and the care of our senior citizens rather than improving the infrastructure of a foreign country. What idiots!!!! My Senators will be hearing from me this evening!!

Can someone answer the question. Are these Senators American?

They are obviously not working for Americans!

Cornyn,

They just protested your Houston Office last week!!!!!!
What do you not understand?

You will not be re-elected. That's the last straw!

Enjoy your retirement Cornyn!

Dixie

Originally Posted by loservillelabor

I guess we see why the vote to deny funding for a border security fence. The insane Senate plans to build roads and bridges.

I'd rather have a Bridge To Nowhere than a Mexican on-ramp built through my country.

This is beyond farcical at this point.

One of the reasons that Mexican economic growth is virtually nil-and its economy so feeble-is because the endemically corrupt, spendthrift, socialist Mexican regime refuses to make investments in public infrastrure, especially in its state-owned and operated oil industry, PEMEX.

That country sits on top of one of the world's largest oil reserves, and yet it is impoverished because of its inept, corrupt elite political class.