Political Quotes

“a small business exporter of wireless telecommunications equipment from Torrance, California, had never sold to Vietnam. Telemobile's Japanese, French, and Canadian competitors all had the support of their home government's export credit agencies. Telemobile had no hope of selling to Vietnam until the President and Congress approved the Jackson-Vanik waiver last year allowing the Export-Import Bank and other Federal export promotion programs to operate in Vietnam. Then Telemobile won a $6 million contract with Vietnam to sell their product backed with the letter of interest from the Export-Import Bank. The purpose of the vote today is to allow those types of partnerships so American companies can utilize our export credit agencies in order to have American jobs. With the already large U.S. trade deficit, we should not impose yet another sanction on our exports. We should vote against this resolution of disapproval.”