On the recordMay 15, 2012
I think this is a nonsensical provision. It says the bank can only make loans--can make more loans if there is an international agreement to terminate the bank. I know in Pennsylvania, Wallquest finished 2010 with export sales over $17 million, a 61-percent increase because it obtained Ex-Im financing. During the first 2 years, its workforce grew from 80 to 150. Now I know that may not be a big story, but it is the story of the Ex- Im Bank. So capping it and saying we are not going to give any more money for more loans until we negotiate an end to the bank, I think, is the wrong way to go. I urge my colleagues to defeat the Toomey amendment. The PRESIDING OFFICER. The question is on agreeing to the Toomey amendment.
