Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in support of H.R. 386, the Chinese Currency Accountability Act, sponsored by my friend and the gentleman from Ohio (Mr. Davidson). Mr. Speaker, this bill would require the Secretary of the Treasury to oppose a future percentage increase in the weight of China's currency in the IMF's international reserve asset known as the Special Drawing Rights, or SDRs, unless the Secretary of the Treasury independently certifies that China is in compliance with certain obligations to the IMF and with other international standards. While I support this bill and its intentions, I will note that the Treasury Department stresses that, due to confidentiality between the IMF and its member countries, it is impossible for the Secretary to independently certify that China is complying with the IMF obligations. I hope that Representative Davidson and his colleagues will work with us to make changes to this bill to ensure that it could be executed as intended. I also must add that it is enormously ironic that we are passing a bill focused on a nation's transparency at a time when President Trump is running one of the least transparent governments in our Nation's history. As the last Trump term starts, we, again, do not have disclosures or divestment from the President, meaning we don't know how he is personally benefiting from his administration's actions.…”