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~ Tuesday, March 02, 2004
US House members to offer anti-offshore jobs bill: "US House members to offer anti-offshore jobs bill Tuesday March 2, 1:51 pm ET By David Zielenziger NEW YORK, March 2 (Reuters) - About 50 U.S. House of Representatives members plan to introduce a bill on Wednesday that would deny U.S. companies federal financing and loan guarantees if they shift U.S. jobs overseas. The proposed Defending American Jobs Act was written by Rep. Bernard Sanders, Independent of Vermont, and will be co-sponsored by about 50 other representatives, including Republicans Ron Paul of Texas and Virgil Goode of Virginia. Warren Gunnels, Sanders' legislative aide, said it's the first national attempt to deal with the issue of 'offshoring,' or sending U.S. manufacturing and service jobs to lower-cost venues abroad" | |