Amory Houghton said "I have been there. I understand what the Eximbank can do. It is a little bit like the Olympics. It used to always be amateur, and then all of a sudden it changed, and then people said, gee, maybe we ought to change, too. Commercial banks used to be able to do what they are no longer able to do, and you find corporations, little companies, competing against countries. That is wrong. We can see it in the marketplace. Many times you have a good product, good service, good reputation, terrific quality, cannot sell your equipment because the financing terms are wrong. That is what the Eximbank does. I strongly support this amendment." @ PoliticalQuotes.com

On the recordSeptember 30, 1997

I have been there. I understand what the Eximbank can do. It is a little bit like the Olympics. It used to always be amateur, and then all of a sudden it changed, and then people said, gee, maybe we ought to change, too. Commercial banks used to be able to do what they are no longer able to do, and you find corporations, little companies, competing against countries. That is wrong. We can see it in the marketplace. Many times you have a good product, good service, good reputation, terrific quality, cannot sell your equipment because the financing terms are wrong. That is what the Eximbank does. I strongly support this amendment.

Said by

Amory Houghton

Republican · New York

Source

govinfo.gov

Editor's note · Context

Discussing the role of the Eximbank and its importance in international competition.

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