View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 2, 2004

US reps plan to curb offshoring

The US House of Representatives plans to introduce a bill that would curtail the shift of jobs overseas, reports said yesterday.

By CBR Staff Writer

Around 50 representatives, led by Bernard Sanders, an independent from Vermont, are backing the Defending American Jobs Act. The act would hurt US companies who offshore jobs by denying them financing and loan guarantees designed to foster export business. Agencies and programs such as the US Export-Import Bank help US exporters by providing trade financing.

US politicians have been railing against the perceived exporting of US jobs, particularly now that the offshoring phenomena is not just hitting blue collar workers, but starting to affect white collar workers.

Last month, Sanders, in a speech to the house, attacked corporate America for short-changing the middle class and exporting jobs, and described the US’ foreign trade policy as disastrous. Amongst companies he singled out were tech giants IBM and Motorola.

This article is based on material originally published by ComputerWire

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU