Political Quotes

“I come to the floor, and I know we are talking about the Defense bill. I know my colleagues are trying to work things out as it relates to the Defense bill, but I am just as concerned about the reauthorization of the Export-Import Bank--a credit agency that helps small businesses in the United States of America-- which is expiring at the end of this month, June 30. As we had discussions on the trade promotion authority act, I was very concerned that we were going to be passing trade policy while at the same time allowing very important trade tools to expire. I still remain very concerned about the small businesses that are here in the Capitol today and that have given much testimony at various hearings-- yesterday in the Senate Banking Committee and today in the House Financial Services Committee--about the need for this type of credit agency that helps small businesses ship their products to other countries that are new market opportunities for them. The reason why this is so important is because other countries have credit agencies--if you will, credit insurance. You are a small business. You want to get your products sold in developing markets. You can't find conventional banking or you can find conventional banking but that bank says it is not going to insure these losses. Thus, what has emerged for the United States of America, Europe, China, Asia, many parts of the world, is what is called credit insurance.…”