Political Quotes

“Mr. Chair, I rise today in support of H.R. 2740 and its amendments. The Overseas Private Investment Corporation is a self-sustaining government agency that helps American businesses invest in emerging markets. This October, it will become the U.S. International Development Finance Corporation, the DFC, with increased capabilities to invest and drive economic growth around the developing world. Critically, the DFC will be able to compete with China on a global stage, strengthening our relationship with nations around the world. However, these agencies do not have specific national security processes or reviews in place. They are entirely dependent on Federal standards. My bipartisan amendment, which I introduced with Republican Congressman Chris Stewart, prohibits any agency from violating the Export Controls Act, which lays out what goods, items, and knowledge can be exported. This amendment would ensure that an American business investing funds and technology in foreign ventures are not inadvertently exporting equipment that is, for example, Huawei supported. The Acting CHAIR. The time of the gentleman has expired.”