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JOINT RESOLUTIONS

No. 39

(House Joint Resolution 95)

A House Joint Resolution concerning

Technology, Production, Energy, Growth, and Trade

FOR the purpose of requesting that the Congress of the
United States enact a comprehensive and balanced energy
program based on advanced technologies; requesting that
Congress act in a timely fashion to recharter the
Export-Import Baric of the United States before a
certain date and facilitate the Bank's ability to play
a major role in American trade policy; and requesting
Congress to expand the funding base of the
Export-Import Bank and view the sponsorship of high
technology trade for the purpose of creating jobs.

The United States is at a pivotal point in its 200 year
existence. Billions of our American citizens, who are one
of the most culturally advanced and highly educated work
force and professionals in the world are either unemployed
or employed at jobs far below their skill levels. In
addition, our country's trade deficit and federal debt are
growing. Maryland's own economy has been affected by these
conditions, particularly in heavy manufacturing and basic
research and development.

It is important that we remain sensitive to our
traditional goals which made the United States the
commercial and trading center for the entire world. Our
government must pursue policies that will modernize our
industry through utilizing the most advanced technologies.
This will require rising rates of new capital formation,
ensuring high employment levels at wages adequate for the
continued education and cultural development of the
population. This will ensure the increased productivity,
the expansion of exports and the efficient utilization of
energy necessary for the stability of our Nation's and
Maryland's economies.

The stability of the United States' dollar is a matter
of concern to the security and economic well-being of the
entire world. The most viable means of reversing declining
production and employment is an emphasis on high-technology
exports to create millions of new, high-paying, skilled and
productive jots. The largest immediate markets, on the
order of $50 billion yearly, exist for nuclear power
technologies, which our closest allies abroad are supporting
for trade both in the advanced sector and the developing
world. A high—export policy in the United States and
accompanying investment in hard—commodity production in the
United States is a measure which can support the value of