On the recordOctober 27, 2015
I stand to express opposition to the reauthorization of the Export-Import Bank. As we look at these weighty issues, I think it is important that we look at both the liability and the accountability in this factor. When you look at the reliability, whenever we make decisions about spending money, we are talking about pulling money out of somebody's wallet and giving it to somebody else. {time} 1500 And, in this case, as we look at liability, we are taking every American's wallet and putting it on the line and saying: Should we or should we not create liability for more individuals across the heartland? And for mom and dad, I just don't think that is the right equation. I fundamentally disagree with it. If these are such good loans and they are so profitable, then do them in the private sector. You don't need the Federal Government to do them. And when it comes to accountability. Let's remember, this is a bank that just this year had a bank employee who plead guilty to bribery-- bribery of all things. The inspector general of the bank testified before our committee that they expect even more actions. And the inspector general on one project could not even validate more than $500 million in spending. And I can tell you, as the chairman of the Oversight and Government Reform Committee, they have not been transparent in giving us the information. I urge my colleagues to vote ``no.''
