The objectives of the bill are consistent with such domestic legislation as the fair labor standards law. agricultural price supports. obligatory collective bargaining. and other interferences with the free economy that result in higher fixed cost burdens on industry. Our proclucers have lost much of their competitive flexibility because of obligations placed upon them by law. Therefore. it is only fair to shield them against the onslaught of foreign competition that is not similarly bound. That is what the quota bill would seek to do. and without interfering unnecessarily with the flow of trade. . The regulation of foreign commerce is a constitutional function of Congress and import quotas are a suitable instrument for such regulation. Properly devised the quota can also be an instrument of a liberal trade policy.
Keywords matched
quota bill