Political Quotes

“Let's look at the facts. Yes, the Bank is required right now to look at this. They are not required to actually consider it. In fact, there are examples, factual examples, of the Bank looking into whether or not there were any countervailing efforts done by foreign credit facilities and just ignoring that. Yes, the law does require them to, but there are no teeth in the law. This amendment would allow us to do that. Another fact: in 2012, this body required the Export-Import Bank to start getting out of the business of competing with Export-Import Banks overseas in the airline industry. The law signed here, signed by the Senate, signed by the President was completely ignored by this administration. This amendment would fix that. Those are the facts, Mr. Chairman, from my friend from Tennessee. The facts are the administration is not following the law. We have seen that from time to time, haven't we? We have a chance to rectify that here this afternoon, Mr. Chairman, by passing this amendment and focusing the Bank on what everybody seems to agree is a very important core duty of competing with export credit facilities overseas, and I would recommend an approval of the amendment. I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from South Carolina (Mr. Mulvaney). The question was taken; and the Acting Chair announced that the noes appeared to have it.”