Political Quotes

On the recordSeptember 17, 2014
As CNBC pointed out last week: At first glance, it might seem like a congressional deal to extend the Export-Import Bank's charter through June would be good news for the beleaguered institution, which supports American exports with loan guarantees and other credit assistance. In fact, it is the exact opposite. An extension to June could be a death sentence for the bank. I sincerely pray it is not. Congress has a responsibility to make sure the bank's charter is extended beyond June. We need a multiyear reauthorization along the lines of the one proposed by Ranking Member Waters and Representative Denny Heck. The Export-Import Bank is instrumental in helping small businesses access foreign markets, and uncertainty over its future has already cost American businesses lucrative trade deals. I urge us between now and June to come together in a bipartisan way to move forward with legislation that achieves this goal. I believe if the House is allowed to vote, we will achieve that objective, as we have in the past. While I oppose this provision, I will vote for the amendment and for final passage of the continuing resolution, and I urge my colleagues to do the same. I think it is in the best interest of America, the best interest of our national security, and I urge this House to act in a way that will make our constituents proud and safer. Mr. McKEON. Madam Speaker, I yield myself such time as I may consume.…
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Steny Hoyer
Democratic · Maryland

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