[Congressional Record Volume 161, Number 109 (Tuesday, July 14, 2015)]
[House]
[Page H5125]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                CUTTING OFF YOUR NOSE TO SPITE YOUR FACE

  (Mrs. CAROLYN B. MALONEY of New York asked and was given permission 
to address the House for 1 minute.)
  Mrs. CAROLYN B. MALONEY. Mr. Speaker, as of the first day of this 
month, thousands of American exporters, big and small, were 
unilaterally disarmed in the battle for new business overseas.
  The conservative Members of this body succeeded in their quest to 
kill the U.S. Export-Import Bank. They did it. The Ex-Im's charter has 
expired.
  Now there is only the Export-Import Bank of China, the Export Finance 
and Insurance Corporation of Australia, the Export Development of 
Canada, Finnish Export Credit, Hungarian Export Credit Insurance, the 
Israel Export Insurance Corporation, the Japan Bank for International 
Cooperation, the Export-Import Bank of Korea, the Norwegian Guarantee 
Institute for Export Credits, the Export Credit Bank of Turkey, and 
about 75 other foreign government-run agencies that are all helping 
businesses, big and small, in their quest to export and create jobs in 
their countries.
  American companies alone find themselves at a distinct disadvantage. 
Our colleagues have successfully cut off their nose to spite their 
face.
  It is never too late to fix a mistake. Let this Chamber vote on 
renewing the Export-Import charter and create more American jobs.

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