On the recordNovember 14, 2019
I just want to clarify something, that the $3.4 billion surplus goes to the U.S. Treasury. My bill will not take one-third of that, only up to the 3 percent that would be available for regions that would like to have a regional finance office near them. For example, in North Carolina, which my esteemed colleague is from, his constituents have to drive all the way to south Florida, to Miami, to get services from the Export-Import Bank. So it is in my constituents' interest, and it is the interest of my colleague's that a regional office is financed closer to his State so that his businesses can acquire the capital necessary to increase jobs and increase exports. In fact, there is data to show that the cluster of businesses that benefit, by far, are those that are near the surrounding regional offices. So it is common sense to assume that, if you open an office near the region, more businesses will benefit and you will have created more jobs with more exports. I want to thank Chairwoman Waters for her work on this important legislation and for her support for my amendment. The Export-Import Bank has been a success story and can continue to grow. Today's legislation will further that success. The Bank supports American jobs, while also returning money to taxpayers year after year. My amendment would not cost the taxpayer a single dime. My amendment would grow jobs and businesses by exporting American goods.…





