On the recordJuly 24, 2001
Mr. Chairman, my concern is we are punishing another sector of the economy which is crucial to our economic health. In my State of Washington, one out of every three jobs is an export job. So my State would be punished by this amendment. In fact, we are $100 million below last year's level in terms of the loan guarantees. This administration has cut it. I would also point out that this is a new administration that is not responsible for what the previous administration did on this particular loan; and they have said that they are going to review this matter. Mr. Chairman, I would say to the gentleman he has won his victory here today. The gentleman has convinced the new administration that this is something which should not be done in the future; and so do not punish the Export-Import Bank where jobs in my State will be lost.
Said by
Norman D. Dicks
Source
govinfo.gov