On the recordJune 9, 2016
Well, obviously, I do want to maybe make some points that are contrary to some of the discussion that my colleague just had. Ninety percent of all Ex-Im transactions are with small businesses that are under $10 million. The amount of transactions over $10 million is huge, I will give you that. But, again, we talk about the supply chain that goes into those transactions over $10 million. The Peterson Institute recently estimated the United States is losing $50 million in exports each day this nomination is not confirmed. We have had disagreements with the Senator from Utah over the Ex-Im Bank--disagreements we debated when we reauthorized the Bank. So I would ask the Senator from Utah: Why not move the confirmation of McWatters to the floor so my colleague can have a full-throated debate about the Bank? Why not have a full- throated debate instead of hiding that nomination in the Banking Committee and using that structure to thwart what in fact a majority of both bodies of the Congress and the President have done when they reauthorized the Bank?
Source
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