[Congressional Record Volume 140, Number 109 (Tuesday, August 9, 1994)]
[Extensions of Remarks]
[Page E]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: August 9, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                    EXPORT-IMPORT BANK AUTHORIZATION

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                               speech of

                          HON. JAMES T. WALSH

                              of new york

                    in the house of representatives

                         Monday, August 8, 1994

  Mr. WALSH. Mr. Speaker, today, the House of Representatives approved 
the Export-Import Bank Authorization Act with unanimous, bipartisan 
support. H.R. 4455 permits the Export-Import Bank to finance dual-use 
exports of defense articles and services when the items are nonlethal 
and the primary end-use is for civilian purposes.
  Current policy impedes export sales of high-technology, dual-use 
electronics when military use or involvement is secondary to the 
civilian use. With American companies moving forward with defense 
conversion and major opportunities opening up for dual-use satellites, 
communications equipment, and data processing products, it would be 
senseless to cede these markets to our trade competitors.
  This legislation will provide financing necessary to enable the sale 
of millions of dollars of American goods and technologies to developing 
countries. We must do all we can to promote these exports. They are the 
driving force behind the creation of highly skilled jobs and the good 
salaries that accompany them.

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