By SE North Carolina News |
Sep 23, 2024
Senator Ted Budd (R-NC) has introduced the Defending American Property Abroad Act, with support from Senator Bill Hagerty (R-TN). This bipartisan legislation aims to impose retaliatory measures against any Western Hemisphere nation that unlawfully seizes American assets. The bill addresses recent actions by the Mexican government to seize a deep-water port owned by U.S.-based Vulcan Materials Company, which violates the United States-Mexico-Canada Agreement (USMCA).