THE PRESIDING OFFICER: IS THERE ANYBODY WHO WISHES TO VOTE WHO
           HAS NOT HAD AN OPPORTUNITY TO VOTE?
           IF NOT, THE YEAS ARE 77, THE NAYS ARE 19. THE CONFERENCE REPORT
           IS AGREED TO.
           

           MR. MOYNIHAN: MOVE TO RECONSIDER THE VOTE.
           

           MR. LOTT: MR. PRESIDENT, MOVE TO LAY THAT ON THE TAKEN.
           

           THE PRESIDING OFFICER: WITHOUT OBJECTION.
           

           MR. MOYNIHAN: MR. PRESIDENT, THIS WAS A MOMENTOUS MOMENT FOR
           THE SENATE, FOR THE NATION AND FOR THE WORLD. WE HAVE PASSED
           THE FIRST TRADE BILL IN SIX YEARS WHEN WE HAVE REJECTED OTHERS.
           AND THIS HAVING COME BAH B IN THE AFTERMATH OF VERY DIM -- AND
           THIS HAVE COME ABOUT IN THE AFTERMATH OF VERY DIM EXPECTATIONS.
           AND WITH NO CHANCE WHATSOEVER, WE HAVE COME TO THE POINT WHERE
           THIS BILL PASSED BY 77 VOTES. COULD NOT HAVE HAPPENED WITHOUT
           THE MAJORITY LEADER, OUR MAJORITY LEADER, WHO PERSONALLY

           CONVENED MEETINGS IN HIS OFFICE DAY AFTER DAY, WITH
           MIND-NUMBING DETAILS ABOUT THREAD, YARN, METRIC SQUARE METERS,
           HUNDREDS, MILLIONS, BUT IT CAME ABOUT. SENATOR ROTH, OUR
           CHAIRMAN, CANNOT -- WHO COULD NOT BE HERE TODAY. HE WILL BE
           BACK NEXT WEEK. HE PUT THIS MATTER THROUGH THE FINANCE
           COMMITTEE UNANIMOUSLY. AND I WOULD LIKE TO TAKE THE OPPORTUNITY
           TO THANK THE STAFF STAFF, WHO NOT ONLY DID THIS BUT DID IT TILL

           DAWN DAY AFTER DAY, OR SHALL I SAY NIGHT AFTER NIGHT. THEY ARE,
           ON THE MAJORITY STAFF, FRANK POLK, GRANT A ADONIS, FIRE SHAZID,
           TIM KOO EELER. ON THE MAJORITY LEADER'S STAFF, DAVID HOPPE, WHO
           IS INDISPENSABLE, AND JIM HECHT. ON OUR MINORITY STAFF, DAVID
           POTOFF, OUR SPECIAL NEGOTIATOR, DEBBIE LAMM, LINDA MENGATI,
           TIMOTHY HOGAN. AND THEN MAJORITY AND MINORITY TAX STAFFS --

           BECAUSE THIS IS A TAX BILL -- MARK CLATER, CLARA PEW, ANITA
           HORN, AND MITCHELL KENT. ONCE AGAIN, SIR, AND TO MY DEAR
           COLLEAGUE FROM SENATOR GRASSLEY, WHO CARRIED THE MATTER SO
           BRILLIANTLY ON THE OTHER SIDE, NOT EVERY DAY WE PASS A TRADE
           BILL 4-1. AND THANK YOU, SIR. AND, AGAIN, MR. MAJORITY LEADER,

           THANK YOU, SIR. THE NATION IS IN YOUR DEBT. MR. GRASSLEY: MR.
           PRESIDENT?
           
           

           THE PRESIDING OFFICER: THE SENATOR FROM IOWA.
           

           MR. GRASSLEY: MR. PRESIDENT, FOLLOWING UP ON WHAT SENATOR
           MOYNIHAN JUST SAID AND ASSOCIATING MYSELF WITH THOSE REMARKS,
           AS IMPORTANT AS THE BILL WE PASSED IS FOR THE CONTINENT OF
           AFTER K5 AND THE CARIBBEAN BASIN INITIATIVE, AND AS IMPORTANT
           AS IT IS FOR THE CONSUMERS OF AMERICA AND THE 120,000 NEW JOBS
           IT'S GOING TO CREATE FOR AMERICAN WORKING MEN AND WOMEN, THIS
           BILL IS FAR MORE SIGNIFICANT FROM MY POINT OF VIEW, BECAUSE, AS

           SENATOR MOYNIHAN SAID, IT'S THE FIRST MAJOR PIECE OF
           LEGISLATION, TRADE LEGISLATION, PASSING THE CONGRESS IN YEARS.
           AND IN THE MEANTIME, I THINK THE UNITED STATES HAS BEEN SEEN BY
           OTHER NATIONS AS GIVING UP SOME OF OUR TRADITIONAL LEADERSHIP
           AROUND THE WORLD IN NEGOTIATIONS AND TEARING DOWN TRADE
           BARRIERS, WHICH HAS BEEN OUR STATUS AS A WORLD LEADER SINCE
           1947. AND I HOPE THAT THIS IS A START OF AMERICA ONCE AGAIN

           LEADING THE WORLD IN THE REDUCING OF BARRIERS TO TRADE, THE
           PROMOTION OF INTERNATIONAL TRADE, AND SEEING TRADE AS MORE
           IMPORTANT THAN AID AS AN INSTRUMENT TO HELPING DEPRESSED
           ECONOMIES AROUND THE WORLD. I LOOK FORWARD TO THE CONTINUATION
           OF THIS ON WORLD TRADE ORGANIZATION AGENDAS AND REGIONAL TRADE
           AGREEMENTS AS WELL. I YIELD THE FLOOR.
           

           THE PRESIDING OFFICER: THE MAJORITY LEADER. MR. DODD: MR.
           PRESIDENT?
           
           

           MR. LOTT: I WITHHOLD.
           

           THE PRESIDING OFFICER: THE SENATOR FROM CONNECTICUT.
           

           MR. DODD: MR. PRESIDENT, I THANK THE MAJORITY LEADER. I JUST
           WANTED TO -- AND I'M NOT A MEMBER OF THE COMMITTEE, BUT I
           WANTED TO COMMEND THE SENATOR FROM NEW YORK ONCE AGAIN FOR HIS
           TREMENDOUS LEADERSHIP ON THIS ISSUE, SENATOR GRASSLEY, WHO WAS
           FILLING IN FOR SENATOR ROTH, AS YOU POINTED OUT WILL BE BACK
           NEXT WEEK, AND TO COMMEND THE LEADERSHIP, THE MAJORITY LEADER,
           THE MINORITY LEADER. THIS IS AN EXAMPLE OF WHAT THIS BODY CAN
           DO ON ISSUES THAT USUALLY PROVOKE THE MOST BITTER DEBATES.
           TRADE POLICY AND ISSUES WHEN THEY COME TO THE FLOOR CAN BE
           EMENDOUSLY ACRIMONIOUS. AND THE FACT THAT THE LEADERSHIP ON

           BOTH SIDES OF THE AISLE HERE WORKED AS DILIGENTLY AND AS HARD
           AS THEY DID TRYING TO COME UP WITH SOME UNDERSTANDINGS AS TO
           HOW WE COULD RECOGNIZE LEGITIMATE INTERESTS SPEAKS VOLUMES
           ABOUT WHAT THIS BODY CAN DO ON SOMETHG AS SIGNIFICANT AND AS
           IMPORTANT AS THIS BILL IS. AND SO I DIDN'T WANT THE MOMENT TO
           PASS WITHOUT COMMENDING OBVIOUSLY THE FLOOR MANAGERS AND THE
           FINANCE COMMITTEE FOR THEIR WORK BUT ALSO THE LEADERSHIP FOR
           THEIR SUPPORT OF THIS. THE ADMINISTRATION AS WELL SHOULD BE
           MENTIONED IN THE CONTEXT HERE. WHILE IT'S BEEN X YEARS, WE'RE
           GOING TO BE DEALING WITH A COUPLE OF THESE ISSUES NOW IN

           SEQUENCE THAT WILL BE VERY, VERY IMPORTANT. AND OBVIOUSLY,
           THEIR BACKING AND SUPPORT ARE WORTHWHILE. AND LASTLY, THE SAME
           POINT THAT OUR COLLEAGUE FROM IOWA MADE. MY HOPE IS, MR.
           PRESIDENT, THAT THIS WILL ALSO SERVE AS A SPRING BOARD FOR US
           TO DEAL WITH OTHER FOREIGN POLICIES MATTERS THAT SERVE THE
           INTERESTS OF OUR COUNTRY. WE'VE ENTERED A GLOBAL ECONOMY. WE
           ALL KNOW THE LINGO ABOUT THE KIND OF WORLD WE'RE NOW A PART OF.
           AND IT'S GOING TO BE CRITICALLY IMPORTANT THAT THE SENATE OF
           THE UNITED STATES, IN FULFILLING ITS HISTORIC ROLE AS THE
           UNIQUE PART OF THE LEGISLATIVE BRANCH OF GOVERNMENT TO BE

           ENGAGED IN THE FOREIGN POLICY INTERESTS OF OUR NATION, AND THIS
           TREATY -- THIS AGREEMENT CERTAINLY SERVES THE INTERESTS OF
           AFRICA AND THE CARIBBEAN BASIN VERY, VERY WELL. BUT MORE
           IMPORTANTLY, IT SERVES THE INTERESTS OF OUR NATION -- OF OUR
           NATION -- VERY WELL. AND SO I COMMEND THE STAFF AND OTHERS WHO
           WERE INVOLVED AND HOPE WE CAN GET TO THE ANDEAN PACT COUNTRIES
           OF COLOMBIA AND VENEZUELA AND ACK DOOR SHORTLY THEREAFTER IN
           OTHER CONGRESSES. BUT IT'S A GOOD START, A GREAT START. AND,
           GERNG THE LEADERSHIP IN THIS BODY -- AND AGAIN, THE LEADERSHIP
           IN THIS BODY DESERVES COMMENDATION FOR THEIR LEADERSHIP AND

           THEIR WILLINGNESS TO PUT A SHOULDER BEHIND THIS EFFORT. SO I
           THANK THE MAJORITY LEADER. AND I THANK THE MINORITY LEADER, TOM
           DASCHLE, FOR HIS LEADER SHOIP THIS ISSUE.
           

           THE PRESIDING OFFICER: MR. PRESIDENT THE MAJORITY LEADER.
           

           MR. LOTT: MR. PRESIDENT, I WANT TO THANK SENATOR MOYNIHAN,
           SENATOR DODD, SENATOR GRASSLEY FOR THEIR COMMENTS. AND THEY'RE
           ABSOLUTELY RIGHT. THIS IS THE WAY WE CAN DO THINGS WHEN WE MAKE
           UP OU MINDS THAT WE'RE GOING TO. KEEP IN MIND THAT JUST A YEAR
           AGO, MOST PEOPLE THOUGHT THIS HAD NO CHANCE. THE HOUSE PASSED A
           BILL THAT WAS ONLY APPLICABLE TO AFRICA. BUT THEN SENATOR ROTH
           AND SENATOR MOYNIHAN SAID, WE SHOULD GO FORWARD ON THIS. THEY
           MADE THE POINT THAT WE HAD NOT HAD A MAJOR TRADE BILL IN I
           THOUGHT FIVE BUT IN FACT SIX YEARS. I YIELD TO THE

           DISTINGUISHED SENATOR FROM NEW YORK. HE PAYS SUCH CLOSE
           ATTENTION TO THIS. BUT THE CHAIRMAN AND THE RANKING MEMBER SAID
           WE SHOULD GO FORWARD WITH THIS AND WE SHOULD ADD THE C.B.I.
           REGION, CENTRAL AMERICA, TO THE PACKAGE. AND WE DID THAT. WE
           DID WORK TOGETHER ACROSS THE AISLE, BETWEEN THE TWO PARTIES.
           THE ADMINISTRATION DID EXPRESS ITS INTEREST IN THIS
           LEGISLATION. THE PRESIDENT PERSONALLY CALLED AT LEAST TWICE,
           MAYBE THREE TIMES AND TALKED ABOUT HIS HOPE THAT WE COULD GET
           THIS DONE. BUT I REMEMBER A CRITICAL MOMENT A MONTH OR SO AGO

           LATE AT NIGHT AND WE WERE TRYING TO MAKE THE LAST DECISION THAT
           WOULD CLOSE THE PACKAGE UP. AND DAVE HOPPE, MY CHIEF OF STAFF
           WAS THERE, JIM HECHT, MY STAFF, WHO HAVE WORKED SO HARD ON THIS
           LEGISLATION, KNEW THE SUBSTANCE BETTER THAN I WOULD EVER KNOW
           IT. AND IT IS MIND-BOGGLING IN ITS DETAIL AND ALL THE PIECES
           THAT WERE IN THIS PACKAGE. BUT WHEN I HAD BASICALLY TO HELP
           MAKE THE FINAL DECISION,
{END: 2000/05/11 TIME: 12-00 , Thu.  106TH SENATE, SECOND SESSION}