Panel OKs Textile Import Quotas

Associated Press

House trade lawmakers, defying a presidential veto threat, today approved aid for the import-battered textile industry, and Democrats acted to speed work on sweeping export legislation.

“President Reagan seems willing to preside over the de-industrialization of America,” House Speaker Thomas P. (Tip) O’Neill Jr. (D-Mass.) said after the Ways and Means subcommittee on trade acted on the textile bill. “We in Congress are not.”