On the recordNovember 4, 2015
Mr. Chairman, I rise in strident opposition to this amendment. I think that this amendment really tells the story that they really are trying to destroy the Export-Import Bank as opposed to reform it. How can you deny borrowing authority to a lending institution and say you are serious about having it stay alive? The Bank has done a fantastic job of managing risk by keeping its overall debt rate below one quarter of 1 percent, far better than most private banks, in fact. The Export-Import Bank reauthorization already includes the creation of a permanent chief risk officer role, establishing a risk management committee, enhancing the Bank's loan loss reserves, among other reforms. The underlying bill makes the Bank safer and better run than before, making this amendment transparently unnecessary. Members should oppose this anti-Ex-Im amendment.
