Political Quotes

“I ask unanimous consent to dispense with the reading of the amendment. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To require the Export-Import Bank of the United States to provide financing only for transactions subsidized by export credit agencies of other countries or for which private sector financing is unavailable or prohibitively expensive and to require the Bank to maintain a ratio of capital to the outstanding principal balance of loans and loan guarantees of not less than 10 percent) Strike section 25 and insert the following: SEC. 25. LIMITATION ON FINANCING BY THE EXPORT-IMPORT BANK OF THE UNITED STATES TO TRANSACTIONS SUBSIDIZED BY OTHER COUNTRIES OR FOR WHICH PRIVATE SECTOR FINANCING IS UNAVAILABLE OR PROHIBITIVELY EXPENSIVE. (a) In General.--Notwithstanding any provision of the Export-Import Bank Act of 1945 (12 U.S.C. 635 et seq.) or any other provision of law, the Export-Import Bank of the United States may not provide any financing (including any guarantee, insurance, or extension of credit, or participation in any extension of credit) for the exportation of any article unless the Bank certifies to Congress in writing that-- (1) an export credit agency of a foreign country is providing financing for the exportation of a substantially similar article from that country; or (2) private sector financing for the exportation of the article is not available or is prohibitively expensive.…”