Political Quotes

“I rise to speak in support of several of the nominations to the Export-Import Bank: Ms. Kimberly Reed, to be President of the Export-Import Bank; the Honorable Spencer Bachus, to be a member of the Board of Directors of the Export-Import Bank; and Ms. Judith Pryor, to be a member of the Board of Directors of the Export-Import Bank. These three highly qualified nominees, if confirmed, will be in a position to ensure that the Export-Import Bank has the ability to provide finance in response to governments, like China, that provide aggressive subsidies and place U.S. exporters at a disadvantage. The President and his team have recently reinforced their commitment to restoring the ability of the Bank to support American economic interests in global marketplaces. The Director of the National Economic Council, Larry Kudlow, recently noted that the Ex-Im Bank is needed in the current trade environment, particularly with respect to China, in order for the United States to compete and succeed in international markets, calling it a ``financial tool and a national security weapon.'' U.S. Trade Representative Robert Lighthizer has called the lack of a functioning Ex-Im Bank a serious blow to the economy.…”