Political Quotes

“I thank the gentleman from Washington for yielding on this important subject and the rest of my colleagues for coming tonight to hopefully shed light on why the Export-Import Bank is so important. I have a few stats I just want to read. My comments will be brief. The Bank supports about 200,000 jobs each year at no cost--let me repeat--no cost to the U.S. taxpayer, including 8,315 jobs in my home State of Tennessee. That is around 1.4 million American jobs in the past 5 years. In fiscal year 2014, Ex-Im Bank supported $27.5 billion in exports and 164,000 U.S. jobs. The Bank returned $675 million to the U.S. Treasury in fiscal year 2014, reducing the deficit. In fiscal year 2013, the Bank sent back more than $1 billion. Small businesses accounted for nearly 90 percent of the Bank's transactions in 2014. Last year, the Bank had a historically low active default rate of less than one-quarter of 1 percent. Its default rate for the past quarter was .167 percent. We have a very, very serious obligation to our constituents that we represent back in our districts. I serve the Eighth Congressional District of Tennessee--a wonderful State and a wonderful district--and my constituents send me to Washington to make the government more accountable, to make it better, to make it smaller, to make it more transparent, and to make it work for them back in their districts.…”