Political Quotes

“Earlier this year when the Ex-Im reauthorization was still in committee, we entered into good-faith negotiations with Ranking Member McHenry. Unfortunately, the China state-owned enterprise provision insisted on by the ranking member came up short and prevented us from reaching broad bipartisan support for the bill. In fact, his China provision was roundly rejected in seven different votes in committee. This provision was voted down during markup because my colleagues realized that it would do more to harm U.S. exporters and U.S. jobs than help to counter against the very real problems faced by U.S. exporters competing with China. There are a number of other provisions in Mr. McHenry's bill that are unnecessary, even burdensome, and aimed at diminishing the bank's ability to function. In fact, in many ways, rather than seeking to strengthen and improve the flexibility of the bank to meet the challenges faced by U.S. industry today, the provisions in this bill put forward by the ranking member consistently sought to further constrain the bank with unnecessary and, in many cases, new limits and restrictions. What the Republicans don't say is that a bipartisan bill in the Senate was introduced that had none of Mr. McHenry's problematic provisions. Then, last week, the President similarly said that he also supported a 10-year clean reauthorization, which is odd since the Republicans claimed he supported Mr.…”