In 1994, OPIC's lending authority for its insurance and financing was last raised and has been frozen since then. On the administrative cost side, we have seen a growth during that period, when their authority was limited, from $20 million to about $32 million. This amendment just takes the administrative cost back to the 1994 level. It is a reduction of $11 million in administration. I ask for a yea vote.
Discussing an amendment to reduce OPIC's administrative costs during Senate floor debate.
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