On the recordDecember 6, 2006
I am delighted to speak once again in support of S. 3938, the Export-Import Bank Reauthorization Act of 2006. This bipartisan legislation was overwhelmingly supported by this body when it came to the floor in April as H.R. 5068, and was also strongly supported in the Financial Services Committee and the Small Business Committee on a bipartisan basis. Chief among these are new provisions on small business competition and transparency. Our small business initiative starts with a new small business division within the bank run by a senior VP who will advise the board directly. Within the bank, the bill creates small business specialists with authority to approve smaller working capital loans and guarantees to speed up the process.
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