Political Quotes

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 33, after line 22, insert the following: SEC. __. AUTHORITY OF THE UNITED STATES EXPORT FINANCE AGENCY TO USE 3 PERCENT OF ITS PROFITS FOR ADMINISTRATIVE EXPENSES. Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 635a), as amended by the preceding provisions of this Act, is amended by adding at the end the following: ``(p) Authority to Use Portion of Agency Surplus for Administrative Expenses.-- ``(1) Authority.-- ``(A) In general.--Subject to paragraph (2), in addition to any other amounts that the Agency may use to cover administrative expenses of the Agency, the Agency may use not more than 3 percent of the surplus (as defined in subsection (j)(2), without regard to subparagraph (B)(ii) of such subsection) of the Agency, for each fiscal year in the 5-year period beginning with the date of the enactment of this paragraph, to cover administrative expenses of the Agency. ``(B) Use for regional offices.--Of the amount of the surplus which may be used as provided in subparagraph (A), the Agency shall use at least \1/3\ to expand or establish regional offices of the Agency. ``(2) Subject to appropriations.--The authority provided by paragraph (1) may be exercised only to such extent and in such amounts as are provided in advance in appropriations Acts.''. The Acting CHAIR.…”