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THE TRADE REFORM ACT OF 1973

HEARINGS

BEFORE THE

COMMITTEE ON FINANCE
UNITED STATES SENATE

NINETY-THIRD CONGRESS

SECOND SESSION

ON

[graphic]

H.R. 10710
AN ACT TO PROMOTE THE DEVELOPMENT OF AN OPEN,
NOXDISCRIMINATORY, 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)

Printed for the use of the Committee on Finance

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1974

30-229 0

For sale by the Superintendent of Documents, U.S. Government Printing Office

Washington, D.C. 20402 - Price $6.65

COMMITTEE ON FINANCE

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

WALLACE F, BENNETT, Utah 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

(II)

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, 109–13, 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, 1155, 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 Gravel.--

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, 864–66, 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,
188-90, 208, 236, 240_43, 472–74, 842-44, 883, 999, 1000, 1008, 109,
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.-

1,

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 -- 451
Ilon. Earl L. Butz, Secretary of Agriculture ---

375
Hon. Frederick B, Dent, Secretary of Commerce-

382

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