U.S. Congressman Kevin Brady, a leading advocate in the House for bringing profits home to America, and author of the Freedom to Invest Act which has 104 House sponsors, dismissed Senator Levin’s latest attempt today to attack American business as “missing the point”.

“What stimulative effect is there to trapping American profits in U.S. debt rather than allowing them to be injected directly into our economy to create new jobs and fund new research, buildings and business expansion?” asks Brady, a senior member of the House Ways & Means Committee. “Regardless of where the money is physically located, the bottom line is that these earnings are trapped in the foreign subsidiaries of American international companies and effectively blocked from being invested in America’s struggling economy. It makes no sense, especially with 25 million American workers who can’t find a full-time job.”

Brady also noted that like Senator Levin’s first report, no Senate Republican signed today’s report. 

“Partisan attacks on a bipartisan solution like repatriation won’t get America’s economy back on track,” concludes Brady.

Levin today announced an addendum to a one-sided investigation which was first launched by the Senate Permanent Select Committee on Investigations earlier this year. This investigation has received considerable opposition given its inability to attract bipartisan support and omission of numerous real life examples that would refute the Senator’s assertion that the stranded profits are already at work here in America.