“They tried to rebuild their radar because they can't see anything. We waited until it was almost built and then we hit it.”

Political Quotes

Doug Bereuter: “the changes in the manager's amendment are to the Tied Aid War Chest section of the legislation and are the result of…”

On the recordMay 1, 2002
the changes in the manager's amendment are to the Tied Aid War Chest section of the legislation and are the result of negotiations with the administration. As a way of background, this legislation would make important clarifications in the administration of the Tied Aid War Chest which finances tied aid transactions. The Tied Aid War Chest was intended to be used by the Ex-Im Bank to protect American exporters by matching the concessionary financing of foreign export credit agencies. The Tied Aid War Chest has been grossly underutilized, which is due in part to the disagreements between the Ex-Im Bank and the Department of Treasury over the years on how to use the funds. These past problems would be addressed in this legislation by the creation of a new definitive step-by-step process to be followed by the Ex-Im Bank and the Treasury Department regarding how the Tied Aid War Chest is to be administered.
Said by
Doug Bereuter
Source
govinfo.gov

Editor's note · Context

Discussing amendments to the Tied Aid War Chest section of legislation related to export financing.

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