Political Quotes

On the recordJune 4, 2015
we have had a number of our colleagues come to the floor to talk about the importance of the Export-Import Bank, and I want to see if I can put in context the exceptionally important work done by our colleagues Senator Cantwell and Senator Heitkamp on this issue. We have been talking in this body for weeks now about the importance of trade and particularly tapping global markets, given the fact that there are going to be 1 billion middle-class people in the developing world in 2025. This is an exceptional opportunity for us to be able to sell the products we make here, whether they are computers or wine or helicopters or planes, you name it. We had a big debate about trade promotion authority. What I want to spend just a few minutes talking about is whether a Senator was for trade promotion authority or not, they ought to support the Export- Import Bank because the Export-Import Bank provides key financing tools to promote products that are made in my home State, in the States of our colleagues, and all across the land. It has supported tens of thousands of American jobs--even hundreds of thousands--for decades. It doesn't cost American taxpayers a single dime. In fact, the Export- Import Bank covers its own costs and then some. It actually generates revenue for taxpayers--$7 billion over the last two decades and $675 million in fiscal year 2014 alone.…
Said by
Ron Wyden
Democratic · Oregon
Source
govinfo.gov
Jun 4, 2015

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