[Congressional Record Volume 161, Number 107 (Friday, July 10, 2015)]
[House]
[Pages H5083-H5084]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           EXPORT-IMPORT BANK

  (Mr. NOLAN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. NOLAN. Mr. Speaker, Members of the House, I rise in support of 
the urgent need to reauthorize the Ex-Im Bank.
  I spent the better part of 20 years of my life in export trading, and 
I know what a great benefit it has been to the small business community 
and the banking community.
  What happens is a small-town bank wants to provide financial support 
for local business people to export their goods and their products, but 
they don't know if a sales contract in Timbuktu or Abu Dhabi or Lagos 
or wherever is a legitimate contract. So they have to rely on some kind 
of expertise.
  So that is why the local banks, that is why the local business 
community, supports the Ex-Im Bank, because they do that. And they do 
it for a fee.
  Ironically enough, the Ex-Im Bank has generated almost $7 billion in 
profits over the last couple of decades, helping us with our deficit 
reduction and helping our small- and medium-sized companies to 
export their goods and services.

[[Page H5084]]

  I ask all my colleagues to take a look at their district and see how 
many small businesses benefit from that and join me in support.
  There are only a couple of ways to generate wealth, and exporting 
your goods is one of them.

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