Political Quotes

“First of all, I really want to thank Congressman Yoho. We have worked together on this bill. We have also worked together as co-chairs of the Caucus for Effective Foreign Assistance. This bill really shows the bipartisan support on the committee. I certainly want to thank the chairman and the ranking member for their work, as well, towards a very important goal, and that is to make more effective use of U.S. foreign aid and foreign development. It is a crucial tool right now in the world. We need as many friends and as many partners as we can find in the world. Development through USAID and other agencies is a crucial way that we build the relationships and, as has been mentioned by all three of the previous speakers, as importantly, build the capacity of our partners to have a strong economy and to grow. What this bill does is it makes our foreign investment policy better, more cohesive, and more robust. It enables that agency to invest in the projects that are necessary to help it be successful by expanding what it can do, by expanding its ability to work with other partners, to work with the private sector, and, crucially, to take an equity stake in some of their investments, something that current law prohibits. This will greatly expand their ability to find projects across the developing world to invest in and help grow these countries and move them forward.…”