Wendy Sherman: “I see no substantive reason why the ranking member is opposed to this amendment. Both parties agree Russia has…”

“I see no substantive reason why the ranking member is opposed to this amendment. Both parties agree Russia has interfered in our elections in 2016 but more recently in 2018 and 2020. Both parties and the Trump administration agree that Russia should be sanctioned. But the Deputy Finance Minister of Russia pointed out that our sanctions so far have not been effective, that they are not effective until they apply to the secondary market. That is exactly what this amendment does. It is time to raise the cost of borrowing by the Russian Government and to see that money invested in American businesses, lent to American companies, instead of being lent to the Russian Government. Madam Speaker, I hear no substantive argument against that proposition, and I urge adoption of the amendment. Madam Speaker, I yield back the balance of my time. The SPEAKER pro tempore. Pursuant to House Resolution 667, the previous question is ordered on the amendment offered by the gentleman from California (Mr. Sherman). The question is on the amendment offered by the gentleman from California (Mr. Sherman). The amendment was agreed to. A motion to reconsider was laid on the table. {time} 0000 The SPEAKER pro tempore. The Chair understands amendments No. 21 and No. 22 will not be offered at this time. Amendment No. 23 Offered by Mr. Schiff The SPEAKER pro tempore. It is now in order to consider amendment No. 23 printed in part C of House Report 117-125.”