Norma Torres: “As the new Export Finance Agency works to help American businesses export their products and services, it is critical…”

“As the new Export Finance Agency works to help American businesses export their products and services, it is critical that we ensure that we are not enriching or empowering the bad actors, especially those involved in drug trafficking, corruption, or human rights violations. We don't want to help those whose actions are contrary to our American values, and we certainly don't want to help those who act against our best interests. That is why H.R. 4863 prohibits the Export Finance Agency from doing business with individuals who are subject to U.S. sanctions. I have offered an amendment to further clarify that this prohibition also extends to individuals who are subject to sanctions related to human rights and violations of free speech. This is especially important given the growing challenges to free speech across the world, including in Hong Kong and in Xinjiang. Government officials or other entities who are involved in the suppression of free speech should not benefit from the agency's investment, and all of us should agree to that. Mr. Chair, I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I seek time in opposition, but I am not opposed to the amendment. The CHAIR. Without objection, the gentleman from North Carolina is recognized for 5 minutes. There was no objection. Mr. McHENRY. Mr.…”