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Jerry Costello on Free Trade

Democratic Representative (IL-12)


Voted NO on implementing CAFTA, Central America Free Trade.

To implement the Dominican Republic-Central America-United States Free Trade Agreement. A vote of YES would:
Reference: CAFTA Implementation Bill; Bill HR 3045 ; vote number 2005-443 on Jul 28, 2005

Voted NO on implementing US-Australia Free Trade Agreement.

United States-Australia Free Trade Agreement Implementation Act: implementing free trade with protections for the domestic textile and apparel industries.
Reference: Bill sponsored by Rep Tom DeLay [R, TX-22]; Bill H.R.4759 ; vote number 2004-375 on Jul 14, 2004

Voted NO on implementing US-Singapore free trade agreement.

Vote to pass a bill that would put into effect a trade agreement between the United States and Singapore. The trade agreement would reduce tariffs and trade barriers between the United States and Singapore. The agreement would remove tariffs on goods and duties on textiles, and open markets for services The agreement would also establish intellectual property, environmental and labor standards.
Reference: US-Singapore Free Trade Agreement; Bill HR 2739 ; vote number 2003-432 on Jul 24, 2003

Voted NO on implementing free trade agreement with Chile.

United States-Chile Free Trade Agreement Implementation Act: Vote to pass a bill that would put into effect a trade agreement between the US and Chile. The agreement would reduce tariffs and trade barriers between the US and Chile. The trade pact would decrease duties and tariffs on agricultural and textile products. It would also open markets for services. The trade pact would establish intellectual property safeguards and would call for enforcement of environmental and labor standards.
Reference: Bill sponsored by DeLay, R-TX; Bill HR 2738 ; vote number 2003-436 on Jul 24, 2003

Voted NO on withdrawing from the WTO.

Vote on withdrawing Congressional approval from the agreement establishing the World Trade Organization [WTO].
Reference: Resolution sponsored by Paul, R-TX; Bill H J Res 90 ; vote number 2000-310 on Jun 21, 2000

Voted NO on 'Fast Track' authority for trade agreements.

Vote to establish negotiating objectives for trade agreements between the United States and foreign countries and renew 'fast track' authority for the President.
Reference: Bill introduced by Archer, R-TX.; Bill HR 2621 ; vote number 1998-466 on Sep 25, 1998

End economic protectionism: let dairy compacts expire .

Costello co-sponsored the Northeast Interstate Dairy Compact resolution:

Declares that the Northeast Interstate Dairy Compact should be allowed to expire under its own terms on September 30, 2001. Expresses the sense of the House of Representatives that Article I, section 10 of the United States Constitution should not be used to renew the interstate economic protectionism of our Nation's early history.

Source: House Resolution Sponsorship 01-HR230 on Aug 2, 2001

Rated 28% by CATO, indicating a pro-fair trade voting record.

Costello scores 28% by CATO on senior issues

The mission of the Cato Institute Center for Trade Policy Studies is to increase public understanding of the benefits of free trade and the costs of protectionism.

The Cato Trade Center focuses not only on U.S. protectionism, but also on trade barriers around the world. Cato scholars examine how the negotiation of multilateral, regional, and bilateral trade agreements can reduce trade barriers and provide institutional support for open markets. Not all trade agreements, however, lead to genuine liberalization. In this regard, Trade Center studies scrutinize whether purportedly market-opening accords actually seek to dictate marketplace results, or increase bureaucratic interference in the economy as a condition of market access.

Studies by Cato Trade Center scholars show that the United States is most effective in encouraging open markets abroad when it leads by example. The relative openness and consequent strength of the U.S. economy already lend powerful support to the worldwide trend toward embracing open markets. Consistent adherence by the United States to free trade principles would give this trend even greater momentum. Thus, Cato scholars have found that unilateral liberalization supports rather than undermines productive trade negotiations.

Scholars at the Cato Trade Center aim at nothing less than changing the terms of the trade policy debate: away from the current mercantilist preoccupation with trade balances, and toward a recognition that open markets are their own reward.

The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.

Source: CATO website 02n-CATO on Dec 31, 2002

Tariffs against countries undervaluing their currency.

Costello signed H.R.2378 & S.1027

    Amends the Tariff Act of 1930 to require the administering authority to determine, based on certain requirements, whether the exchange rate of the currency of an exporting country is undervalued or overvalued (misaligned) against the U.S. dollar for an 18-month period; and to take certain actions under a countervailing duty or antidumping duty proceeding to offset such misalignment in cases of an affirmative determination. Congress makes the following findings:
  1. The strength, vitality, and stability of the US economy and the openness and effectiveness of the global trading system are critically dependent upon an international monetary regime of orderly and flexible exchange rates.
  2. Increasingly in recent years, a number of foreign governments have undervalued their currencies by means of protracted, large-scale intervention in foreign exchange markets, and this fundamental misalignment has substantially contributed to distortions in trade flows.
  3. This exchange depreciation serves as a subsidy for, and facilitates dumping of, exports from countries that engage in this mercantilist practice.
  4. It is consistent with the agreements of the World Trade Organization and the International Monetary Fund that US trade law make explicit that fundamental undervaluation by an exporting country of its currency is actionable as a countervailable export subsidy and alternatively can be offset by antidumping duties.
Source: Currency Reform for Fair Trade Act 09-HR2378 on May 13, 2009

Review free trade agreements biennially for rights violation.

Costello signed H.R.3012

    Trade Reform, Accountability, Development, and Employment Act or the TRADE Act:
  1. review biennially certain free trade agreements (including Uruguay Round Agreements) between the US and foreign countries to evaluate their economic, environmental, national security, health, safety, and other effects; and
  2. report on them to the Congressional Trade Agreement Review Committee (established by this Act), including analyses of specified aspects of each agreement and certain information about agreement parties, such as whether the country has a democratic form of government, respects certain core labor rights and fundamental human rights, protects intellectual property rights, and enforces environmental laws.
    Declares that implementing bills of new trade agreements shall not be subject to expedited consideration or special procedures limiting amendment, unless such agreements include certain standards with respect to:
  1. labor;
  2. human rights;
  3. environment and public safety;
  4. food and product health and safety;
  5. provision of services;
  6. investment;
  7. procurement;
  8. intellectual property;
  9. agriculture;
  10. trade remedies and safeguards;
  11. dispute resolution and enforcement;
  12. technical assistance;
  13. national security; and
  14. taxation.
Requires the President to submit to Congress a plan for the renegotiation of existing trade agreements to bring them into compliance with such standards. Expresses the sense of Congress that certain processes for U.S. trade negotiations should be followed when Congress considers legislation providing special procedures for implementing bills of trade agreements.
Source: TRADE Act 09-HR3012 on Jun 24, 2009

Impose tariffs against countries which manipulate currency.

Costello signed Currency Reform for Fair Trade Act

[Explanatory note from Wikipedia.com "Exchange Rate"]:

Between 1994 and 2005, the Chinese yuan renminbi was pegged to the US dollar at RMB 8.28 to $1. Countries may gain an advantage in international trade if they manipulate the value of their currency by artificially keeping its value low. It is argued that China has succeeded in doing this over a long period of time. However, a 2005 appreciation of the Yuan by 22% was followed by a 39% increase in Chinese imports to the US. In 2010, other nations, including Japan & Brazil, attempted to devalue their currency in the hopes of subsidizing cheap exports and bolstering their ailing economies. A low exchange rate lowers the price of a country's goods for consumers in other countries but raises the price of imported goods for consumers in the manipulating country.

Source: HR.639&S.328 11-HR0639 on Feb 14, 2011

2012 Governor, House and Senate candidates on Free Trade: Jerry Costello on other issues:
IL Gubernatorial:
Pat Quinn
IL Senatorial:
Mark Kirk
Richard Durbin

Retiring to run for other office:

Running for President:
TX-14:Ron Paul(R)

Running for Mayor:
CA-51:Bob Filner(D)

Running for Governor:
IN-6:Mike Pence(R)
WA-1:Jay Inslee(D)

Running for Senate:
AZ-6:Jeff Flake(R)
CT-5:Chris Murphy(R)
FL-14:Connie Mack(R)
HI-2:Mazie Hirono(D)
IN-2:Joe Donnelly(D)
MO-2:Todd Akin(R)
MT-0:Dennis Rehberg(R)
ND-0:Rick Berg(D)
NM-1:Martin Heinrich(D)
NV-1:Shelley Berkley(D)
NY-9:Bob Turner(R)
WI-2:Tammy Baldwin(D)
Lost Primary 2012:
IL-16:Donald Manzullo(R)
NJ-9:Steven Rothman(D)
OH-2:Jean Schmidt(R)
OH-9:Dennis Kucinich(D)
PA-4:Jason Altmire(D)
PA-17:Tim Holden(D)
TX-16:Silvestre Reyes(D)

Retiring 2012:
AR-4:Mike Ross(D)
AZ-8:Gabby Giffords(D)
CA-2:Wally Herger(R)
CA-6:Lynn Woolsey(D)
CA-18:Dennis Cardoza(R)
CA-24:Elton Gallegly(D)
CA-26:David Dreier(R)
CA-41:Jerry Lewis(R)
IL-12:Jerry Costello(D)
IL-15:Timothy Johnson(R)
IN-5:Dan Burton(R)
KY-4:Geoff Davis(R)
MA-1:John Olver(D)
MA-4:Barney Frank(D)
MI-5:Dale Kildee(D)
NC-9:Sue Myrick(R)
NC-11:Heath Shuler(D)
NC-13:Brad Miller(D)
NY-5:Gary Ackerman(D)
NY-10:Ed Towns(D)
NY-22:Maurice Hinchey(D)
OH-7:Steve Austria(R)
OK-2:Dan Boren(D)
PA-19:Todd Platts(R)
TX-20:Charles Gonzalez(D)
WA-6:Norm Dicks(D)
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Page last updated: Jun 11, 2012