Mr. chairman, I would like to voice my strong support for S. 149, the Export Administration Act.
We tried to pass an Export Administration Act last year. We passed it unanimously out of this committee. But we were unable to bring it to a vote on the senate floor. It is my hope we can pass this bill rapidly, and get it to the President's desk.
I support this Export Administration Act bill because it has real teeth.
We will be able to restrict companies from selling technologies that may harm our national security. We will finally be able to levy real penalties against those companies who would undermine our security to make a profit.
We also will allow the agencies in charge of our export controls to concentrate on those items that will hurt our national security if passed along to other nations. They will not be forced to try and stop products that rogue nations can buy at radio shack.
Our export controls badly need to be updated. This bill will protect our security and bring our export control laws into the 21st century.
I would like to commend Senator Enzi, Senator Johnson, Chairman Gramm and Senator Sarbanes for their hard work on this issue.
If it was easy to reauthorize the Export Administration Act, it would have been done long ago. Or it would have been done last year. Now we have a good bill that I believe all of my colleagues should support.
I hope that we will continue to work with our colleagues from the armed services, foreign relations, governmental affairs and intelligence committees. Hopefully we can overcome the pitfalls that prevented this bill from becoming law last year.
And I hope at the end of the day we can have a bill that everyone can support.
I urge my colleagues to support the export administration act.
Thank you Mr. Chairman.