On the recordNovember 4, 2015
I thank the ranking member, and I thank the chairman. Mr. Chair, I would simply note that the provision requires U.S. business to factor in new costs of a guarantee for repayment to the Ex- Im Bank, in addition to the fees and interests already required. Those additional costs would make U.S. business less competitive. Now, that said, once again, I urge my colleagues to turn back this amendment, turn back all 10 amendments. Remember, the Bank expired in July. When my friends say they don't want to kill it, they already have. Now they are just trying to keep it from being brought back to be able to function as a part of our economy. Look through the amendment process we are going through here. Look at the whole process we are involved in. Understand what is really occurring. Nothing ever happens by accident in politics--right?--or the legislative process. Understand the fight we are engaged in. Turn back this amendment. Turn back all these amendments. Let's get on with it. If we could have made things better 6 months ago, we would have, but we weren't allowed to.
