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House Proceeding on Dec 6th, 2006 :: 0:25:49 to 0:32:52
Total video length: 8 hours 15 minutes Stream Tools: Stream Overview | Edit Time

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Judy Biggert

0:21:24 to 0:25:49( Edit History Discussion )
Speech By: Judy Biggert

Judy Biggert

0:25:41 to 0:25:49( Edit History Discussion )

Judy Biggert: in passage. we trained him well when he worked here in the house. as well as andrew olman from senator shelby's staff and steve croel from senator sarbanes. i reserve the balance of my time.

Carolyn B. Maloney

0:25:49 to 0:26:04( Edit History Discussion )

Carolyn B. Maloney: the speaker pro tempore: the gentlelady from new york. ms. ma lopey: thank you, madam speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentlelady is recognized.

Carolyn B. Maloney

0:25:49 to 0:32:52( Edit History Discussion )
Speech By: Carolyn B. Maloney

Carolyn B. Maloney

0:26:04 to 0:26:20( Edit History Discussion )

Carolyn B. Maloney: mrs. maloney: as the ranking member of the financial services subcommittee i'm delighted to speak once again in support of s. 3938. the export-import bank re-authorization act of 2006. this

Carolyn B. Maloney

0:26:20 to 0:26:38( Edit History Discussion )

Carolyn B. Maloney: bipartisan legislation was overwhelmingly supported by this body when it came to the floor in april as h.r. 5068 and was also strongly supported in a financial services committee and the small business

0:26:38 to 0:26:54( Edit History Discussion )

committee on a bipartisan basis. we have all worked together on this and i would like to thank chairman oxley, ranking member frank, chairman manzullo, ranking member velazquez, chairwoman

0:26:54 to 0:27:08( Edit History Discussion )

price, representative waters and their staffs, especially scott morris and joe bernard of the financial services staff and lenny constantine from my staff and many others for their very

Carolyn B. Maloney

0:27:08 to 0:27:24( Edit History Discussion )

Carolyn B. Maloney: hard work on this bill. the bill that we consider today, though it bears a senate designation, includes substantially all of the key initiatives we included in our house bill. chief among

Carolyn B. Maloney

0:27:24 to 0:27:46( Edit History Discussion )

Carolyn B. Maloney: these are new provisions on small business competition and transparency. our small business initiatives start with a new small business division within the bank run by a senior v.p. who will advise

Carolyn B. Maloney

0:27:46 to 0:28:07( Edit History Discussion )

Carolyn B. Maloney: the board directly. within the bank the bill creates small business specialists with authority to approve smaller working capital loans and guarantees to speed up the process. the bill also creates

Carolyn B. Maloney

0:28:07 to 0:28:31( Edit History Discussion )

Carolyn B. Maloney: a small business committee to assist the bank in advancing its small business agenda. within this division the bill creates an office charged with expanding outreach to socially and economically

Carolyn B. Maloney

0:28:31 to 0:28:44( Edit History Discussion )

Carolyn B. Maloney: disadvantaged small businesses, and small businesses owned by women. it also increases the amount of loans guarantees and insurance provided by the bank to support exports by these small businesses.

Carolyn B. Maloney

0:28:44 to 0:28:59( Edit History Discussion )

Carolyn B. Maloney: the bill also empowers and directs the bank to deal more force fully and directly with the -- forcefully and directly with the looming threat to the u.s. export economy posed by china which

Carolyn B. Maloney

0:28:59 to 0:29:13( Edit History Discussion )

Carolyn B. Maloney: is effectively subsidizing its exports through its currency and otherwise. since china is not a member of the organization for economic cooperation and development, exim's credit report activities

Carolyn B. Maloney

0:29:13 to 0:29:30( Edit History Discussion )

Carolyn B. Maloney: are a particularly important vehicle to level the playing field. this is also true for a subsidized exports from other non-o.e.c.d. nations such as pra digs which are taking a greater -- bra still

Carolyn B. Maloney

0:29:30 to 0:29:49( Edit History Discussion )

Carolyn B. Maloney: which are taking a greater share of the markets and unbarely challenging our exports. in this regard the bill gives the bank greater authority to use the tide aid fund, a fund established

Carolyn B. Maloney

0:29:49 to 0:30:05( Edit History Discussion )

Carolyn B. Maloney: several years ago by congress specifically to combat unfair export activities by other countries' export credit agencies. u.s. companies should not have to compete with one hand tied behind their backs

Carolyn B. Maloney

0:30:05 to 0:30:26( Edit History Discussion )

Carolyn B. Maloney: and unfair subsidies to their competitors. i am also pleased that the pro-customer provision that is i was personally responsible for are a part of this bill. they include notification requirements

Carolyn B. Maloney

0:30:26 to 0:30:40( Edit History Discussion )

Carolyn B. Maloney: so that applicants know what is happening to their application. and a mandate to improve ex-i am's online to make it more user friendly and attract small business applicants. my constituents

Carolyn B. Maloney

0:30:40 to 0:30:53( Edit History Discussion )

Carolyn B. Maloney: and many others have complained that the ex-improcess is needlessly unhelpful and opaque these are simple steps to fix that problem. people should not have to wait for months, possibly even a year

Carolyn B. Maloney

0:30:53 to 0:31:05( Edit History Discussion )

Carolyn B. Maloney: to find out that one small item was missing from their application that caused them not to receive their support. we have also dealt with some regional issues that are of significance to broad

Carolyn B. Maloney

0:31:05 to 0:31:18( Edit History Discussion )

Carolyn B. Maloney: constituencies. first the bill asks the bank to consult with the african-american development bank and similar entities to increase the number of qualified african-american entities.

Carolyn B. Maloney

0:31:18 to 0:31:39( Edit History Discussion )

Carolyn B. Maloney: second, the bill prohibits the bank from funding railroad projects in the south caucauses region that deliberate -- exclude armenia as turkey as proposed. as a proud member of the congressional

Carolyn B. Maloney

0:31:39 to 0:31:59( Edit History Discussion )

Carolyn B. Maloney: caucus on armenian issues and the representative of a large and vibrant armenian community of americans, i particularly want to thank my colleague, joe crowley, and representative royce

Carolyn B. Maloney

0:31:59 to 0:32:14( Edit History Discussion )

Carolyn B. Maloney: for their hard work on this issue. abloug the -- allowing the exclusion of armenia from important transportation routes would stymie the emergence of this region as an important east-west

Carolyn B. Maloney

0:32:14 to 0:32:27( Edit History Discussion )

Carolyn B. Maloney: trade corridor. it is in our economic and security interest to ensure that we do not support the historic aggression between turkey andar armenia. -- and armenia. as the independent u.s.

Carolyn B. Maloney

0:32:27 to 0:32:44( Edit History Discussion )

Carolyn B. Maloney: government agency that assists in financing the export of u.s. goods and services to markets around the world through export credit insurance, loan guarantees, and direct loans the ex-im

Carolyn B. Maloney

0:32:44 to 0:32:52( Edit History Discussion )

Carolyn B. Maloney: bank has long played a key role in the economy of many of the districts that each of us represent. today more than ever the future of the bank is of a great interest and concern because it has

Barney Frank

0:32:52 to 0:33:05( Edit History Discussion )

Barney Frank: significant potential to affect the national economy, job growth, and our trade imbalance. our country now faces a record trade deficit imbalance of over $00 billion -- $800 billion, the largest

Barney Frank

0:32:52 to 0:35:35( Edit History Discussion )
Speech By: Barney Frank

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