Political Quotes

On the recordJune 10, 2015
I rise today in opposition to the amendment, which is a long-term reauthorization of the Export-Import Bank. In my opinion, after evaluating this issue during a series of hearings in the Senate banking committee, there is no compelling case to reauthorize the bank. After years of efforts to reform the Export-Import Bank, it has become clear to me that its problems are beyond repair and that the Bank's expiration is in the best interest of American taxpayers. Nearly 99 percent of all American exports--over $2 trillion--are financed without the Export-Import Bank's help, which demonstrates that the subsidies are more about corporate welfare than advancing our economy. I believe the Export-Import Bank has outlived its usefulness and should be allowed to expire. At this point, I move to table the Kirk amendment No. 1986 and ask for the yeas and nays. The PRESIDING OFFICER. Is there a sufficient second? There appears to be a sufficient second. The question is on agreeing to the motion. The clerk will call the roll. The senior assistant legislative clerk called the roll.
Said by
Richard Shelby
Republican · Alabama

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