Political Quotes

“I certainly rise in support of this legislation that would reauthorize the Export-Import Bank. In my district alone, the Bank's activities have supported thousands of jobs and over $600 million in export sales. The financing provided by the Ex-Im has provided critical support to a wide array of industries in Pennsylvania, ensuring that products ranging from major energy components to help LNG exports, to locomotives, to cement equipment, to computers, to electronics, to aircraft are able to continue to be manufactured by Pennsylvania workers. Developing countries, as we know, don't have very well formed capital markets, and they need this financing to help them buy American products. As our sole credit agency, the Bank provides the security U.S. firms need to access burgeoning markets. It strengthens our trade balance, and it helps to sustain our global market share. It does all this while still returning money back to the U.S. Treasury. Importantly, this bill incorporates essential reforms that will significantly improve the Bank's risk management and transparency and provide our small businesses with an even greater share of lending support. For those who talk about Ex-Im Bank creating winners and losers, I would argue that, by letting the Bank's authority lapse, we have indeed created winners and losers. The losers are now American job creators. The winners are countries like China, Germany, France, Brazil, and the U.K.…”