Political Quotes

“I also want to join in praising Chairmen Oxley and Pryce for the tremendous work that they have done on reauthorizing the Ex-Im Bank. Mr. Speaker, now more than ever we need the Ex-Im Bank. With the collapse of the Doha round of the WTO, other nations will continue to vigorously use their government- sponsored export credit agencies to promote their exports. The unfortunate reality is that American companies often win export sales on quality and price only to later lose because their competitors were able to obtain faster, less expensive export credit funded by other countries. Supporting this bill will ensure that an attractive foreign financing package will not be the deciding factor in winning an export opportunity. Defeating the bill will amount to unilateral disarmament in global trade. While Ex-Im Bank supports large business deals, this bill should actually be renamed the Small Business Exporters Acts of 2006. H.R. 5068 restores a viable small business division and creates a Small Business Committee within Ex-Im Bank to better serve the needs of America's small exporters. The legislation also enhances the bank's delegated loan authority with respect to medium-term transactions by private lenders for small businesses. {time} 1400 This is one key tool to help Ex-Im reach and exceed its 20 percent statutory mandate for small businesses. The manager's amendment contains further improvements to the bill to make small business truly the focus of the bank.…”