On the recordMay 27, 2021
Mr. President, I wanted to come to the floor very briefly today to thank Chairman Menendez and Ranking Member Risch for the great work they did on the Foreign Relations Committee to add to the pending legislation a title developed in the Foreign Relations Committee that makes sure that we are building the kinds of capacities inside the State Department and USAID that are able to make sure America can compete with China and a host of other developing, advancing nations all around the world. The fact is, we are often fighting our competitors with one hand tied behind our back. For instance, the size of the Chinese international development bank dwarfs the capacities of the similar institution that is used by the United States of America, the DFC. We have added new capacities to the DFC in this legislation that will allow the United States of America to be able to make sure that we can do development deals around the world and compete with other nations that are fast investing significant amounts of money and trying to use that money as leverage to gain political interest and political influence. Included in that title, midwifed through the Senate Foreign Relations Committee, is a provision that builds upon the expectation that Congress should have that the administration share with us agreements that they have entered into on behalf of the United States.…
Source
govinfo.gov




