Political Quotes

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 1032, after line 4, insert the following: SEC. ___. SATISFACTION OF OBLIGATIONS OF THE EXPORT-IMPORT BANK OF THE UNITED STATES. (a) Elimination of Authority to Issue Obligations to the Secretary of the Treasury.--Section 5 of the Export-Import Bank Act of 1945 (12 U.S.C. 635d) is repealed. (b) Requirement That the Export-Import Bank of the United States Cover All Its Losses.-- (1) In general.--Section 2 of Public Law 90-390 (12 U.S.C. 635k) is amended-- (A) by striking ``the first $100,000,000 of such losses shall be borne by the Bank; the second $100,000,000 of such losses shall be borne by the Secretary of the Treasury; and any losses in excess thereof'' and inserting ``all losses''; and (B) by striking the 2nd and 3rd sentences. (2) Conforming repeal.--Section 3 of Public Law 90-390 (12 U.S.C. 635l) is repealed. The Acting CHAIR. Pursuant to House Resolution 512, the gentleman from South Carolina (Mr. Mulvaney) and a Member opposed each will control 5 minutes. The Chair recognizes the gentleman from South Carolina.”