U.S. Congress. Senate. Committee on Finance

THE TRADE REFORM ACT OF 1973

HEARINGS

BEFORE THE

COMMITTEE ON FINANCE
UNITED STATES SENATE

NINETY-THIRD CONGRESS

SECOND SESSION

ON

H.R. 10710

AN ACT TO PROMOTE THE DEVELOPMENT OF AN OPEN,
VONDISCRIMINATORY, AND FAIR WORLD ECONOMIC SYS-
TEM, TO STIMULATE THE ECONOMIC GROWTH OF THE

UNITED STATES, AND FOR OTHER PURPOSES

MARCH 4, 5, 6, 7, 21, 22, 25, 26, 27, 28, 29, APRIL 1, 2, 3, 4, 5, 8, 9,

AND 10, 1974

PART 4

Public Witnesses

(March 26, 27, 28, and 29, and April 1, 2, and 3, 1974)

RUSSELL B. LONG, Louisiana, Chairman HERMAN E. TALMADGE, Georgia

WALLACE F. BENNETT, Utab VANCE HARTKE, Indiana

CARL T. CURTIS, Nebraska J. W. FULBRIGHT, Arkansas

PAUL J. FANNIN, Arizona ABRAHAM RIBICOFF, Connecticut

CLIFFORD P. HANSEN, Wyoming HARRY F. BYRD, JR., Virginia

ROBERT DOLE, Kansas GAYLORD NELSON, Wisconsin

BOB PACKWOOD, Oregon WALTER F. MONDALE, Minnesota

WILLIAM V. ROTH, JR., Delaware
MIKE GRAVEL, Alaska
LLOYD BENTSEN, Texas

MICHAEL STERN, Staff Director
ROBERT A. BEST, Chief Economist

(11)

CONTENTS

(Parts 1, 2, 3, and 4)

Discussion between Members of the Committee on Finance and the wit-

nesses :

Page

Russell B. Long (chairman).

1-4,

175, 206–11, 220–23, 225, 227, 375, 378, 497, 403, 413, 415–20, 438 44,

451, 457–59, 479-81, 486, 1135, 1143, 1147, 1164–67, 1223, 1238,

1241, 1247, 1249, 1261, 1263, 1264, 1271, 1331, 1336, 1337, 1397

Herman Talmadge--.

223-27,

413-15, 459–62, 713, 716, 717, 723, 725, 726, 741, 838, 866, 947, 950.

951, 964, 967, 968, 975, 997, 998, 1005, 1006, 1008, 1019, 1020, 1037,

1038, 1040, 1041, 1043, 1044, 1405, 1408, 1414, 1415, 1486, 1489–92,

1498, 1501, 1504, 1524, 1528–31, 1551, 1558, 1559, 1573, 1614

Vance Hartke.

256,

261–67, 409-13, 431–38, 444–50, 463–65, 736, 739–41, 857–64, 867,

868, 873–75, 879, 881-83, 912, 913, 931, 1098-1103, 1148–52, 1329,

1414, 1415, 1430, 1433, 1434, 1436

J. W. Fulbright---

230-33, 467-69, 488, 489, 495, 497, 498

Abraham Ribicoff.-3, 4, 191-93, 227, 233–36, 470–72, 725, 726–28, 1143-45, 1331

Harry F. Byrd, Jr.-

183-88,
243-45, 474-76, 491-93, 495-98, 731-33, 1157, 1156, 1158, 1164, 1491,

1492, 1503, 1504, 1526, 1531, 1532

Gaylord Nelson---

478, 479, 867, 1161–64, 1636, 1640

Walter F. Mondale..

179-81,

1574–77, 1583, 1587, 1588, 1600-06, 1614, 1622, 1630, 1639-41, 1643,

1645, 1668, 1673

Mike Gra vel.

481-84

Lloyd Bentsen.--

251-54, 401-03, 882, 1160, 1161, 1575–78, 1671-73

Wallace F. Bennett.--

203-05,

227-31, 462–63, 728-31, 1051, 1054, 1059–61, 1502, 1503

Carl T. Curtis__200–03, 254–60, 465, 466, 486–88, 1279, 1280, 1291, 1320, 1322–25

Paul J. Fannin.-

196–200,

407-09, 469, 470, 489-91, 734-36, 846–48, 861–66, 1061, 1062, 1075-

77, 1083, 1084, 1086, 1087, 1089–93, 1097, 1098, 1103, 1121, 1122,

1126–30, 1585, 1586, 1588-90, 1598-1600, 1605, 1606, 1614–16, 1631,

1632, 1639, 1669–71, 1689-93, 1704–06, 1720-22, 1738, 1743–46, 1750

Clifford P. Hansen.-

185,

189-90, 208, 236, 240–43, 472–74, 842–44, 883, 999, 1000, 1008, 1099,

1020, 1021, 1062–64, 1074, 1075, 1093–95, 1097, 1129, 1632-34, 1642-

44, 1673, 1674

Robert Dole.-- 404-06, 476–78, 1145–48, 1263, 1577, 1586, 1587, 1602–04

Bob Packwood.

181,

183, 246–48, 398-401, 741-44, 84446, 866, 867, 951, 976, 1000, 1010,

1021, 1022, 1152–55, 1280–84, 1325, 1524, 1525, 1634, 1635, 1641,.

1644, 1674-76

William V. Roth, Jr.---

176–78, 248–51, 420–24, 481–86, 493–95, 1158, 1159, 1284, 1337-41..

1371, 1379–81, 1635, 1636

ADMINISTRATION WITNESSES
Hon. Henry A. Kissinger, Secretary of State, accompanied by:

Ambassador William D. Eberle, Special Representative for Trade

Negotiations; and Linwood Holton, Assistant Secretary of State ---
Hon. Earl L. Butz, Secretary of Agriculture.
Hon. Frederick B. Dent, Secretary of Commerce..