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tv   Key Capitol Hill Hearings  CSPAN  October 28, 2015 12:00am-2:01am EDT

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understand. and ella was just fascinated with this very funny man who as so kindly entertaining her. this short but memorable interaction is one that i noela will be proud to -- that i know ella will be proud to recount when she's older. mr. speaker, i ask that the house rise and join me in saluting the 53rd speaker of the united states house of representatives, john boehner, and also thank him for his unwavering dedication and outstanding service to our greatful -- grateful nation. thank you, mr. speaker, i reserve the balance of my time. mr. chabot: i thank the gentlelady for her very kind and inspiring remarks. d i'd now like to yield to the gentlelady from virginia. mrs. comstock: thank you. mr. speaker, i rise today to honor speaker john boehner, a hardworking, dedicated gentleman who has served this institution with dignity and
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diligence. his perseverance in this role has been a true service to the nation. he's a class act whose respect for the institution and his love of country are extraordinary. i've been privileged to work with speaker boehner first when i was a congressional staffer on capitol hill back in the 1990's, when i worked for my predecessor, and at that time republicans took a historic majority in 1994. at that time speaker boehner then was in the leadership. and then this year i was able to join as a member of congress myself with the largest republican majority since the 1920's, and serve with speaker boehner once again. i know from that experience both as a staffer as well as a member the incredible great treatment he always gave his staff and how we all know the legendary boehnerland and how he's always been so wonderful to work with. speaker boehner has taken on
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each of these tasks when he was a member, when he was a gang of seven member, when he was a chairman, when he was a leader and now as speaker, with an energy and willingness regardless of the headwinds. he's an honorable man of faith and conviction who has always served his constituents and the american people, particularly children, and the most vulnerable in a faithful andistent way. i particularly appreciate -- and consistent way. i particularly appreciate the speaker bringing this year the prime minister of israel, mr. netanyahu, and pope francis to this body to make historic addresses to congress, addresses that we will always remember and were just inspiring this year and so appreciate his leadership in insisting on having us here for those wonderful leaders of the world. he's always served as a patriot committed to our founding principles and he will be missed by many on both sides of the aisle, although i know he welcomes this new chapter in his life and he will be happy -- and i am very happy that he
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will be able to spend more time with his beloved new grandson and his family. i thank speaker boehner for his service to this country and i wish him well, again, as he begins this new chapter in his life, and with that i yield back the balance of my time. mr. chabot: i thank the gentlelady very, very much for her remarks this evening. and i thank all the members who came here on both sides of the aisle to speak. i want to particularly thank ms. kaptur for participating in this tribute to speaker boehner so it was truly bipartisan this evening. i have some concluding remarks and i don't think there are any more speakers following that. i think we have just about enough time. i already said a few things about john, but let me continue. john boehner, he was born in 1949, he was the second of 12 children. nine boys and three girls. his parents, mary andrew: and earl henry boehner, ran the family bills. andy's bar in carthage, which is a neighborhood in my district, and john's grandfather opened that bar
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back in 1938. john grew up in a two-bedroom house in redding, with john sharing one bedroom with three brothers, while his sister had the other. his parents slept on the pull-out couch. although his father would later build a three bedroom addition to the house, john still had to share a single bathroom with his 11 brothers and sisters. so he learn how'd to manage conflict early in his life. also, as the second oldest, he had to help his parents out, not only around the house, with his younger brothers and sisters, but also with the family business. at age 8, john began to work at andy's bar, starting by mopping floors. later he would wait on tables. in doing so, john learned the value of a dollar and the importance of hard work. john attended molar high school and he played lak for future notre dame head coach john foust at molar. he learned that you can achieve any goal in life if you're willing to work hard.
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and to make the necessary sacrifices. as hard as it is for la salle like myself to praise a molar crusader, it's clear to me that john learned that lesson well and his life and career are a testament to that message. after graduating from high school in 1968, john enlisted in the navy. while america as we heavily involved in vietnam. he was later honorably discharged due to a bad back, an injury he suffered as a teenager working at the family bar. after holding several entry level jobs, john then set his sights on college degree, with the encouragement of william smith, a profess art xavier university, and high school football referee who was mentoring him about refereeing local sports, john decided to attend xavier. throughout his time at xavier university, john juggled numerous jobs, although his primary job was as aoner to. his hard work paid off and he graduated from stavier in 1977, becoming the first person in his family to graduate from college. but his work as a janitor had
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another more important reward, he met his wife of 42 years, debby, who worked in the accounting department at the same company. they would marry in 1973, the same year my wife and i were married, and raise two daughters, lindsey and trisha, and now a grandson, alster. my wife and i also have two children, a daughter and a season, -- son, and one grandson, so far. after gragg from xavier, john was hired as a salesman for a small packaging and plastics company. through hard work and determination he steadily worked his walk up the company ladder, ultimately serving as president of the company. he resigned from that position when he was elected to congress in 1990. in that job john learned what it takes to survive at a small business and he learned all too well how difficult it is for small businesses to deal with the regulatory and tax burdens imposed by the government. and he brought that understanding to washington, where he has fought for smaller, less intrusive government. john got his start in politics by getting involved in his local homeowners association.
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that experience led him to run or township trustee. to distinguish it from other townships in ohio, including one in my district, are we served from 1981 to 1984. in 1984 he was elected hot ohio house of representatives where republicans were hevenly outnumbered by democrats at the time. in 1990 he won a four-person republican primary for ohio's eighth congressional district. although his victory was somewhat surprising in local political circles at the time, looking back now, it's more surprising that he wasn't the favorite. upon his election to congress, john became a member of the so-called gang of seven. a group of republicans who regularly battled with congressional leadership. sounds like something around here in modern times. the gang of seven played a pivotal role in exposing the house bank and post office scandals. early on in his congressional career, john also worked closely with newt gingrich and helped to draft a contract with america.
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a set of principles to which republican candidates from all over the country agreed, including myself. and it was those principles that propelled the republican wave in 1994. and led to the first republican majority in the house of representatives in 40 years. throughout his time in congress, john has advocated commonsense reforms in the house and in the broader government. in addition to fighting to close the house bank as part of the contract with america, he also pushed for the requirement that congress live by the same rules it imposes on the rest of the american people. later to help promote transparency in the appropriations process, john enacted the first ban on earmarks in the house. although he'll be remembered for many things, these reforms may have the most enduring impact on the credibility and integrity of this institution. the house of representatives. the people's house. however, knowing john like i know him, i would guess that his fondest memory will be pope francis' visit to washington and his address to congress
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right here in this very room. it was truly a historic and monumental event, as pope francis became the first sitting pontiff to address a joint session of congress. ever. millions of americans, myself included, were moved by the pope's message about a spiritual path to a better future. particularly his call on all of us to strengthen our families, protect the sanctity of life and help the less fortunate among us. it was an amazing moment for this house and this country and it wouldn't have been possible without speaker john boehner. i know it has been one of his top goals since he was in the republican leadership back in the 1990's, and i think it's a fitting finale to a very distinguished career. john tely i hope that boehner is remembered like he would say, a regular guy. who rose from umhm -- humble beginnings to become the leader of the people's house. as a leader who never stopped believing that the american people can overcome any obstacle, and as a crusade who
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are fought for a smaller, less intrusive and more accountable government. of course i will always remember him as a friend. thank you, john. for your service >> tomorrow, house republicans will meet behind closed doors to choose their nominee for speaker. it's widely expected that congressman paul ryan will win. the leadership change will become official thursday when the house votes. watch c-span and c-span.org for updates. the house passed a short-term highway funding bill today that runs through november 20, and stephanie beasley covers transportation issues for bloomberg. why just a short-term bill? stephanie: as you said, the house passed a three-week extension of highway and transit program authorization, and the
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idea behind this short extension is to allow lawmakers enough time to get through a multi-year bill. both the house and senate have six-yearills. the house transportation committee passed a six-year bill. lawmakers, including house transportation committee chairman bill shuster, believe they can come together, the two chambers, to work out a deal. >> the bill is called the highway bill, transportation bill. what are some of the programs covered? stephanie: as you mentioned, there are highway and transit programs covered. it would renew spending authority for those programs, but also included is an extension for positive train control technology. this is an anti-derailment, anti-collision safety technology aat railroads currently have september 31 deadline to implement, but the majority of railroads have said they will
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not be able to meet that deadline. congress is acting to extend it for them and passing the provision to this extension. train controle was a factor in the may amtrak crash in philadelphia. delay, how long is it, and is it likely to be part of any long-term bill? stephanie: the extension is a three-year extension. the measure passed out of the house would include the potential for an additional two years for railroads that are especially challenged. the senate had a similar positive train control extension in their six-year highway bill. in terms of talking about whether there is a possibility for it being included long-term, senator barbara boxer said that is her goal. now that this three-week extension is heading to the senate, what will be important to watch his house senate democrats in particular
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addressed the positive train control extension, because they have said they wanted that included in a multiyear bill. >> didn't the senate already pass one of their own transportation bills? senateie: right, so the passed the six-year highway and andsit extension in july, as i mentioned, the positive train control, the three-year extension, was included. the difference is now we have that positive train control measure packed onto a three-week highway extension to the senate democrats want to keep the pressure on, and many lawmakers want to keep the pressure on congress to get this multi-year build on. they feel if the extension is added to a long-term bill, there is more pressure for congress to do something before the end of the year. that december 31 deadline is very close. >> that house markup in transportation was last week.
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in a tweet from that committee, infrastructure is an issue that brings us together. the chairman and ranking member share their take on that markup. transportation been an issue that has been bipartisan in nature? stephanie: you know, the house transportation committee markup was quite long. it was almost six hours. there was a lot of bipartisanship. it seems like people are agreeing that they want to get something done. they need to get a long-term bill completed. issues,the representative defazio, the of the houser transportation committee, noted he would like to increase the funding. the house transportation bill does not currently include a finance tile, but the expectation is it would have guaranteed funding for three years. that would be baseline. representative defazio would like to increase the funding level. they haven't figured out exactly how to do that.
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>> stephanie beasley is a transportation reporter for bloomberg. follow her tweets @steph _beasley. thanks for joining us. c-span has your coverage of the road to the white house 2016 where you will find the candidates, the speeches, the debate, and most importantly, your questions. this year, we are taking our coverage into classrooms across the country with our student can contest, giving students the opportunity to discuss what important issues they want to hear the most. follow c-span's student can contest and road to the white house coverage 2016 on tv, on the radio, and online at c-span.org. >> today, the house debated a bill to reauthorize the export import bank for four years. the bill came up for a
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consideration on the house floor after an unusual move where 218 members signed a discharge petition to bypass the house financial services committee.after this debate, the house voted 313-118 for the bill, which goes to the senate. this is an hour and half. mr. hensarling: thank you, mr. speaker. i yield myself 30 seconds. the speaker pro tempore: the gentleman is recognized. mr. hensarling: this is going to be an important debate we have today. it's a debate about what type of economy are we going to have, an economy based upon fairness to where your prosperity is dependent on how hard you work on main street? or is it dependent on who you know in washington? i respect the views of all members but if we are ever, ever to deal with the threat of a social welfare state, we must first take care of the corporate welfare state in the -- and the
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face of the corporate welfare state is the export-import bank. i'm now pleased to yield to the gentleman from michigan, the chame of the monetary policy and trade subcommittee of the financial services committee, two minutes. the speaker pro tempore: the gentleman is recognized for two minutes. >> thank you and i appreciate the work my chair has done. i chair the monotear policy and trade subcommittee, the subcommittee with jurisdiction directly over this. in the last conference, when i was vice chair of the committee, we started a work group. looking at various reforms that could happen. and that continued on into this term. we had a number of us on all sides of the issue that were working together. the real problem arose, though, that when those of white house felt that we needed to move in a direction where we were transfering that liability from the taxpayer back to businesses, when we felt that we were proposing some of those reforms, those that were most benefiting
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from the program said absolutely not. not a direction we can go. cannot be a phaseout. cannot be a sunset. cannot be a change to make these recourse loans. cannot make them only loans as opposed to only grants. in other words, it was business as usual. and it might be a good business decision to transfer business liability and risk to somebody else, but it's a bad idea to transfer that additional liability to the taxpayer. to the u.s. taxpayer. and i think that we have a couple of issues in front of us, mr. speaker. as was talked about yesterday. first is the issue of ex-im and the entitlement mentality that's grown up and that is just a symptom of it. as the chairman said, if we cannot take care of and tackle this entitlement mentality within the business community, how in the world are we going to have the moral standing to tackle that same entitlement mentality in the social side of our spending? so it's sad to believe in my
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mind that some people think this is the only, or the best program that we can put forward for the u.s. to remain competitive on the world stage. we know that we have put ourselves at a disadvantage through the regulatory environment that's been created. not only under this administration, but previous administrations as well. we know that the we know the tax regime we have is also a huge problem. i just ask my colleagues oppose this effort to make sure that it's status quo in washington, d.c. with that i yield back. the speaker pro tempore: the gentlelady from california. ms. waters: mr. speaker, i yield myself two minutes. the speaker pro tempore: the entlelady is recognized. ms. waters: yesterday this house took an historic and bipartisan vote in support of re-authorizing the ex-im bank. we showed that democrats and republicans can work together to overcome the obstruction caused by an idealogically driven minority that puts its own uncompromising principles over
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the needs of the american people. the four-month shut down of the ex-im bank engineered by the chairman of the financial services committee has led to hopelessness, uncertainty, and fear for the many workers across this country whose livelihoods rely on the support of ex-im bank. as reports continue to pile in on the loss of jobs caused by the bank shut down, the chairman has remained deliberately indifferent to the harm inflicted on the lives of these americans. the cost of this indifference is more than 100 transactions worth more than $9 billion that have been indefinitely put on hold pending the bank's re-authorization. and unfortunately, many of these contracts have now been lost for good. today we are showing the small business owners and their employees that this indifference does not extend to the whole house of representatives. supporters of the bank care about them, about their jobs,
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and their communities. it's high time we reopen the ex-im bank for business. instead of shipping jobs abroad, let's start shipping american exports again. let's put america back to work and pass this bill. i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves the balance of her time of the the gentleman from texas. mr. hensarling: mr. speaker, it is now my pleasure to yield to the distinguished chairman of the house ways and means committee as much time as he may consume. the speaker pro tempore: the gentleman is recognized for such time he may consume. mr. ryan: i thank the gentleman nor yielding. mr. speaker, i want to express my strong disapproval for this bill for the export-import bank. this is a pretty frown debate we are having. it's about the kind of economy we are going to v are we going to reward good work or good connections? i think there are plenty other ways to expand opportunity in this country and corporate welfare is not one of them. the biggest beneficiaries of
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this bank, 2/3 of the money go to 10 companies. 40% goes to one company. and this bank does cost money, just ask the congressional budget office when they use real corekeeping. remember fannie mae? remember their accounting? remember when they told us they weren't going to cost any money until they did. and it cost us billions. the other excuse that i just don't buy is remember other countries do this so should we. we shouldn't aguirre our countries' bad habits. we should be leading by example. we should be exporting democratic capitalism not crony capitalism. there is this criticism of those of the free enterprise system who compare it to competition like a sport. where the critics of free enterprise say there is a winner and there is a loser.
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just like a boxing match or a football game. well, that's true when it comes to crony capitalism. that is the case when it comes to corporate welfare. because in that case the winner is the person with the connections. it's the company with power. it's the company with clout. the loser is the person who is out there working hard, playing by the rules, not knowing anybody, not going to washington, hoping and thinking that the merit of their identify dean the quality of their work is what will win the day. that's what is rewarded under a free enterprise system. free enterprise is more about collaboration. it's more about transactions of mutual benefit where everybody benefits. and the rising tide lifts all boats. equality for all. equal opportunity. that's free enterprise. that's small d, democratic
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capitalism. this thing is crony capitalism and i urge it be rejected. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentlewoman from california. ms. waters: i yield two minutes to the gentlelady from wisconsin, representative moore, a member of the financial services committee and the ranking member of the monetary policy and trade subcommittee which has jurisdiction over the re-authorization of the ex-im bank, and i just want to take a moment to recognize her tireless work on behalf of the re-authorization of the ex-im bank. the speaker pro tempore: the gentlewoman from wisconsin is recognized for two minutes. ms. moore: thank you so much, madam ranking member, and thank you, mr. speaker. it is with a great pleasure i rise to support this bipartisan initiative to re-authorize the export-import bank. the export bank is about three things in this country that we need to be debating here more often and that's jobs, jobs, and jobs. getting the bill to the floor for this historic vote is about
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something the country also needs more of. and that is bipartisanship. i am very distressed, mr. speaker, to continue to hear the debate that some show the finance of the export-import bank is contributing to the welfare state and that if we are to tackle the social welfare programs under social security, we've got to get rid of this corporate welfare. i am distressed to continue to hear that defeating the export-import bank is a backdoor approach to ending social security. if you listen very carefully, colleagues, you're going to hear this over and over and over again. and i do want to thank epresentative sawyer, lucas, waters, heck, fincher, and the house members on both sides so that we can now go back to our
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districts. look u.s. workers in the eyes and say we are not giving them welfare. we are giving the thousands upon thousands upon thousands of people in the chain an opportunity to work for a living. this is not a democrat or republican victory but a victory for all our workers. i would ask that the body vote for the re-authorization of the export-import bank. i hope the senate takes our example. we send this to the president for his signature. our work and our businesses should not have to wait one more day to reignite this powerful engine of job creation. i yield back. the speaker pro tempore: the gentleman from texas. mr. hensarling: mr. speaker, it is now my pleasure to yield two minutes to the distinguished chairman of the house budget committee, the gentleman from georgia, mr. price. the speaker pro tempore: the gentleman from georgia is recognized for two minutes. mr. price: thank you, mr. speaker. i thank the chairman. this is a difficult and important issue. with respect i urge my
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colleagues to proceed with caution regarding a re-authorization of the export-import bank, particularly under the procedural motion that's been used to get this bill to the floor today. many members, including myself, have real concerns that we are side stepping the important work of our committees. in this case both the financial services committee and the rules committee. this leaves no room for amending or altering the legislation to better reflect the overall will of the house. this bill is not even a product of the house. it's the exact same text that was taken from the senate and just like this one, it bypassed the committee procedure over there as well. by shortchanging the process, this effort is shortchanging the debate that we should be having about legitimate disagreements over the export-import bank. thereby we are shortchanging the american people. for example, we know that by statute 20% of the export-import bank's authorizations are supposed to go to small businesses. and yet today only 1% of 1% of small businesses are actually aided by the bank. we also know that when
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ex-imsubsidizes foreign corporations, it undermines the risk of undermining american businesses. it's estimated the ex-im bank has led to the loss of 7,500 jobs in the american airlines industry alone. and a loss of over $684 million in revenue. these are serious concerns. at a time when we should be fostering a climate of healthy economic opportunity and growth right here at home. may not necessarily be the intention of my colleagues who supported this discharge petition effort to undermine the legislative process or to diminish the importance of our committees or above all to limit what we can and should be having here, a healthy debate over legitimate policy disagreements. unfortunately, that's precisely what's occurring. therefore i urge my colleagues to join me in opposing this process and to stop this dangerous precedent from taking root. i yield back. the speaker pro tempore: the gentlewoman from california. ms. waters: i yield two minutes to the gentleman from washington, representative heck,
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a tireless advocate for our exporters who has never missed an opportunity to fight for the eximbank and the american workers it supports. the speaker pro tempore: the gentleman from washington is recognized for two minutes. mr. heck: i thank the ranking member. watching the nonstop ideological warfare waged on the export-import bank over the last nearly three years reminds me of my very favorite will rogers adage, people feel about congress the say way they do when baby gets hold of the hammer, that's what we have been treated to. but the fact of the matter is today we have an opportunity to turn that adage on its ear and do something that the american public will feel good about congress for. for today we have an opportunity to vote for jobs. 164,000 in just last calendar year supported by the ex-im. good-paying jobs. send your kid to college jobs. buy a home job. take a vacation job. have a secure retirement job. tonight we have an opportunity to strengthen and protect the manufacturing base of america. because the truth of the matter is it's not unrelated to our
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national defense infrastructure. the same entities that make up our manufacturing base keep us safe and we should not forget that. tonight we have an opportunity, indeed, to vote for reform of the export-import bank, despite the fact that it has a default rate that's the envy of commercial banks and a collection rate as well. the truth of the matter is we can vote to increase loss reserves, improve risk management, modernize and update their i.t., and notwithstanding what was said from the gentleman -- said by the gentleman from michigan, it also has a pilot recourse program in it on the reinsurance for payment. tonight we have an opportunity to vote for a reduction of the deficit. yes. the eximfor a generation has transferred cash. the heck with your theoretical accounting model. they transferred cash into the u.s. treasury. $675 million just last fall. let me say it again. tonight we have an opportunity to vote for jobs.
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no more walka saw, wisconsins, ms. moore. where an entire factory is being shuttered because we have failed to do our job in re-authorizing the export-import bank. i want to thank the ranking member, the leader, the whip, and i especially want to thank my friends, mr. lucas of oklahoma and mr. fincher of tennessee for your profile in courage. it was indeed a profile in courage to do the right thing. tonight we have an opportunity to put american jobs first. tonight we have an opportunity to put america first. i don't know about you, but i came here from the private sector. i don't reside in some kind of fantasy plot within an a novel. i live in the real world. in the real world we solve problems. and this will solve problems. vote yes. thank you. the speaker pro tempore: the gentleman from texas. mr. hensarling: thank you, mr.
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speaker. it is now my pleasure to yield one minute to the gentleman from utah, mr. chaffetz, chairman of the oversight and government reform committee, that held a number of key hearings on the export-import bank. the speaker pro tempore: the gentleman from utah is recognized for one minute. mr. chaffetz: thank you, mr. speaker. i stand to express opposition to the re-authorization of the ex-im bank. as we look at these weighty issues, i think it's important that we look at both the liability and accountability in this factor. you look at the liability, whenever we make decision abouts spending money, we are talking about pulling money out of somebody's wallet and giving it to somebody else. in this case as we look at liability, we are taking every americans' wallet and putting it on the line and saying should we or should we not create liability for more individuals across the heartland? for mom and dad i don't think that's the right ecaution. -- equation. these are such good loans and they are so profitable, then do them in the private sector. you don't need the federal government to do them. when it comes to accountability, let's remember, this is a bank
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that just this year had a bank employee who pled guilty to bribery of all things. the inspector general of the bank said they expect even more actions. and the inspector general on one project could not validate more than $500 million in spending. i can tell you as the chairman of the oversight and government reform committee, they have not been transparent in giffling us the information. i urge -- giving us the information. i urge my colleagues to vote no. . ms. waters: i yield to the gentlelady from new york, mrs. loney, a member of the financial services committee, one minute. the speaker pro tempore: the gentlelady is recognized for one minute. mrs. maloney: i thank the gentlelady for yielding and her leadership. i rise in opposition -- i rise in strong support of re-authorizing the export-import bank. there is never really a good
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ime to commit economic suicide and now would be especially a bad time. cost jobs.bank ex-im has returned nearly $7 billion to the u.s. treasury. killing the ex-im bank would be especially bad right now. export demand is falling because of our strong dollar and economic headwinds in china and greece and europe. and we have to remember that there are 85 different ex-im banks around the world from china to canada, all of whom who are supporting exports more than we are. we are in a competitive world. they say when you lose a job, it goes somewhere else. what the opposition isn't saying is that it's going overseas. i support the export-import bank
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and vote for re-authorization. the speaker pro tempore: the gentleman from texas. mr. hensarling: i yield two minutes to the gentleman from -- a minute and a half to the gentleman from new jersey, mr. garrett, chairman of the capital markets subcommittee. the speaker pro tempore: the gentleman is recognized. mr. garrett: in june of this year after 81 years of doling out welfare to mega corporations, the american people said enough and congress let the bank ex expire. is oday, a maneuver circumventing the will of the american people. you see, the export-import bank transformed the role of government from a disinterested referee in the economy that uses your taxpayer dollars to tilt the scales in favor of your friends and mocks the american dream. you see, if we promoted
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responsible government policies and expanded free markets and lowered and simplified the income taxes and repealed onerous regulations, american businesses would thrive. but none of that is on the table today. instead, the proposal before us is the resurrection of a bank that embodies the corruption of the free enterprise system. yes, we have the opportunity today to save capitalism from cronyism. we have the opportunity to protect the american taxpayer and the american dream and to preserve free enterprise. we have the opportunity today to keep the ex-im bank out of business. we should take each of those opportunities. and i yield back. the speaker pro tempore: the gentlelady from california. ms. waters: i yield to mr. sherman from california, and a member of the financial services committee one minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. sherman: unanimous consent to revise and extend.
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the speaker pro tempore: without objection. the herman: in ealogically perfect world of annrand novels. in the real world, germany, canada has one and all much bigger than ours. when i give 100 speeches for eorge mcgovern athey used of unilaterally military disarmament. our products face tough competition and sometimes the order goes to whoever has got the best financing. 90% of ex-im bank's loans goes to small business and the other 10% help big business then buy from american suppliers. 250 members of this congress
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upport ex-im bank among the 40 -something republicans. the ex-im bank makes a substantial profit under generally accepted accounting principles. that's why they have been able to transfer $7 billion to the treasury. ronald reagan said the export -import bank contributes in significant ways to our export sales. i yield back. the speaker pro tempore: the gentleman from texas. mr. hensarling: i yield two minutes to a valuable member of the house financial services committee, the gentleman from georgia, mr. westmoreland. the speaker pro tempore: the gentleman is recognized for two minutes. mr. westmoreland: thank you, mr. speaker and i thank the chairman for yielding. i rise in opposition to h.r. 597 to the export-import bank and the process that they used to circumvent regular order of the house. i have more delta employees in my district than any other
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district in the united states. their jobs are at risk because the export-import bank picks losers in the american economy. when the ex-im bank finances a boeing airline for emirates airlines as if they would need any financing, the bank is telling pilots and flight attendants and others in my district that their jobs don't matter to the government. that's wrong. my colleagues from washington state and other areas want you to believe that they're fighting for the jobs in their districts, and i'm sure they are. i'm fighting for the jobs of my constituents. my colleagues want their constituents to have jobs, but not my constituents. well, i have news for my colleagues. i care about everyone's job, i care about boeing's jobs and catter pillar's jobs and i care about delta jobs. i want the free market and quality of u.s. products to dictate who gets contracts. this is how america was built,
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quality products made by quality employees stamped made in america. three years ago congress directed the bank to focus on economic analysis and the bank knew the consequences of their lending decisions. unfortunately the export bank acts as if they are above the requirements of congress. instead of following the law the leadership at the bank ca lewded with boeing to design an economic impact analysis to keep the status quo in place. mr. speaker, if you don't believe me, the house financial services committee has the emails to prove it. these are the bureaucrats that my colleagues are up here protecting. it is shameful, truly shameful. to add insult to injury, they refused to allow amendments to defend my constituents. these are the very same people that cry regular order. yet deny the members the ability
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to fight for their constituents. i ask everybody for a no vote and i yield back. the speaker pro tempore: the gentlelady from california. ms. waters: i yield to the gentleman from texas, mr. hin hosea. >> mr. speaker, i rise in strong support of allowing the majority of the congress to work its will and re-authorize the export-import bank. the bank has supported 1.3 million american jobs since 2009 with 90% of its transactions directly supporting small businesses. the bank is a market-driven success story that i'm proud to support. three months has passed since a small group of tea party caucus members through common sense out despite the devastating consequences to our economy. today, i stand side by side with my colleagues from across the
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aisle to fight for them including engineers based in my area of south texas. they manufacture oil refineries supplying fuel. it cannot create more jobs or assist in our national security objectives without financing provided by the bank. we cannot allow a small minority of minority chamber to block job creation and weaken our international priorities. the speaker pro tempore: the gentleman's time has expired. the gentleman from texas. mr. hensarling: it's my pleasure to yield one minute to the distinguished republican majority leader, mr. mccarthy of california. the speaker pro tempore: the gentleman is recognized for one minute. mr. mccarthy: i want to thank the chairman for yielding. we are having a debate, a healthy debate, but i don't think this is the structure where we or the forum in which we should have the debate about this. because we don't have the
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options for amendment. i think there's a better way to do this. the argument today and people have two views, but the real question the debate we are having comes down to this, do we let government pick and choose who we give special taxpayer loans to or not? i believe the constituents know what the right choice is. they don't want their tax dollars backing up loans for any businesses. that's not the government's job. the private sector can and should do that and the economy does best when the government is left out. when government gets involved trying to centralize money and power in itself, corruption is inevitable. the ex-im bank is a perfect example of this. and this is my concern. an inspector general is investigating at least 31 cases of fraud of the ex-im bank. and this fraud has wasted millions of taxpayer dollars, but it doesn't stop there. a former ex-im employee, pleaded
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guilty this year to taking bribes on 19 different occasions to help out applicants to get loans from ex-im. another ex-im employee was indicted for taking $100,000 in bribes to help a nigerian businessman get loans from ex-im. we all remember a congress, william jefferson was sentenced to 13 years in prison taking bribes to help a company get loans from ex-im. there is a pattern that won't be solved today regardless what side you're on. since 2009 and fewer than six years, there have been 49 criminal judgments against ex-im employees by people who benefited from ex-im. many people have gone to prison for it. if you combine them all up, that's 7 years they are serving. i wish i could tell you that was my only complaint and problem and it ended there. but it does get worse. a large number of loans of ex-im
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guarantees aren't even for american companies. the bank actually uses taxpayer money to back up loans for companies owned by governments of china, russia, saudi arabia and others. you know, one of these loans of the corporations outside of america doesn't always goes well. do you remember an australian company that just lost $139 million. the c.e.o. allegedly diverted company funds to his yacht company. so the question, mr. speaker, when does the corruption come to bat? when is it that too many people take bribes. how many taxpayer loans must be issued in fraud. so the question i have before serious,e is, if we're
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if we want to really make a difference, let's have a process that can change things. let's have a process that can offer amendments, let's have a process that offers an honest debate and let's not be shy about what the problems are because i think the american people expect more. i yield back. the speaker pro tempore: the gentlewoman from california. ms. waters: i yield one minute to mr. green, the ranking member of the subcommittee on oversight and investigations of the financial services committee. the speaker pro tempore: the gentleman is recognized for one minute. mr. green: i thank the gentlelady and there is a better way to do this and it's called regular order through the committee process, bring it to the floor and make amendments. however when that doesn't prevail, the rules allow us to do what we are doing today. the ex-im bank does not take deposit, it makes deposit and makes deposits that help us with our deficit. the numbers have been called to
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our attention 2013 about a billion dollars. 2014, $675 million. the ex-im bank has done something more important than what has been called to our attention. one of the most significant things it has done is that it has caused us to do something that we couldn't do for ourselves, and that is create the bipartisanship necessary to has d the chasm that manifested itself in this house for too long. i yield back. the speaker pro tempore: the gentleman from texas. mr. hensarling: i yield two minutes to another valuable member of our committee, the .entleman from pennsylvania mr. rothfus: something has been missing from this debate, the every day taxpayer who is being asked to carry a risk that those in the private sector will not. in 2008, we learned about
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privatizing. share eered on and the holders pros period. when the good times ended, the taxpayers were forced to bail out to the tune of $187 billion. the federal government is guarantor of $3 trillion in loans. this level of taxpayer leverage is not sustainable. and we must begin to identify parts of the portfolio that can be transitioned away. 98% of our exports are made without the ex-im bank. however, in the immediate future, congress must act to protect taxpayers. in this re-authorization, congress could insist these loans be fully col at ralized. congress could require exporters who profit to guarantee repayment of all or even a fraction of these loans. if phased in smartly, reforms
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would mitigate the potential of $3 billion bailout that they sought and would incentivize our trade representatives to initiate negotiations to eliminate all government export subsidies and protect the taxpayers from potential losses just like they were supposed to do. without these commonsense reforms, it is the taxpayer, the forgotten man or women and not the entity who made the profit that was on the hook for the loss. i urge my colleagues to vote no so real proposals may be pursued. i yield back. . the speaker pro tempore: the gentleman from colorado is recognized for one minute. mr. perfect mutter: thank you, mr. speaker. i thank the ranking lady for aluge me to speak. my district suburbs of denver, 18 small companies benefit from the export-import bank and the guarantees and support that it provides. hundreds and hundreds of jobs
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and these are jobs in plastics, scientific equipment, food manufacturing, wood products, electrical equipment, those are the forgotten people in this argument. those are real jobs, real people. and now mr. mccarthy said there were two questions. i think the two questions are, should the united states unilaterally disarm at the expense of american businesses and u.s. jobs? i think the answer is a resounding no. second question is, should ideology trump reality? reality is that we are going to just give these jobs to countries all across the globe instead of having them here in america. that's wrong. i urge the passage of house bill, house resolution 597. i thank mr. heck. i thank mr. fincher. i thank mr. lucas for bringing this forward. let's pass this bill today. yield back. the speaker pro tempore: the gentleman from texas. mr. hensarling: i thank you, mr. speaker. i now wish to yield two minutes
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to another valuable member of our committee. the gentleman from arizona, mr. schweikert the speaker pro tempore: the gentleman from arizona is recognized for two minutes. mr. schweikert: thank you, mr. chairman. mr. speaker, have you ever had one of those where you're listening and you're trying to find a way to say i believe much of the argument we are hearing here is intellectually disingenuous. the fact of the matter is every year there's trillions and trillions of dollars of surety and import export credit that moves through the markets. and it doesn't have a government guarantee. it does not have a guarantee from our taxpayers. this institution still has a loan, $32 million loan, from pre-castro cuba on their books. when they tell you, oh, we have this tiny amount of charge offs, what they are telling you is a lie. do you remember the hearings we had where we had the discussions what their impayments were?
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they just staired -- stared back at you because they didn't want to have that discussion. because every other financial institution has to honestly say, here's our impairments. this one, it was oil. we only had this level of charge up. what they are not telling you they are still carrying loans that have sat on the books for 50 years without a payment. look, to every citizen of this contry, understand when this piece of legislation passes you have just been put on the hook. your credit has just been put on the hook for these types of loans. that's what you intend to do to your taxpayers? that's what you're going to do to your constituency? look, this piece of legislation also reports to have reforms in it. the reforms in it if they are not already doing these things, they already should be locked up because much of this is the most basic level that you would expect from any financial institution. yet i come here to another tab
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from the g.a.o. and say repeat after repeat after repeat where it was already the law and they have been ignoring it. and yet we are going to recharter them again? an organization we are going to claim that we are providing reforms when they are the very eforms from the last time we did this that they did not follow? that, mr. speaker, i yield back. the speaker pro tempore: the gentlewoman from california. ms. waters: i yield to the gentleman from michigan, mr. kildee, and a member of the financial services committee, one minute. the speaker pro tempore: the gentleman from michigan is recognized for one minute. mr. kildee: thank you, mr. speaker. i thank the gentlelady, ranking member, for yielding, and for her leadership on this issue. along with mr. heck, ms. moore, mr. fincher, mr. lucas. the ex-im bank used to be a bipartisan legislation. it's so interesting to hear the outrage expressed by members on the other side for a program that was supported repeatedly by president ronald reagan.
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where was your outrage then? i don't recall the outrage back then because then it was fine. i also have heard that this is not the appropriate venue for this debate. well, this is the congress of the united states of america. and i suspect that the american people think this is a perfectly appropriate venue. the rule that we have utilized to bring this issue to the floor of the house is a rule that you wrote. that allows members of this body by discharge petition to bring legislation to the floor. supported by republicans and democrats. we are using the rules of the house that you wrote. it is not the inappropriate venue. the speaker pro tempore: the gentleman's time has expired. mr. kildee: this is an argument about jobs for the american people. the speaker pro tempore: the gentleman's time has expired. mr. kildee: i will use every venue veilable to me -- the speaker pro tempore: the gentleman's time has expired.
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and the chair would remind members to direct their remarks to the chair and not to other members of the chamber. the gentleman from texas. mr. hensarling: may i inquire how much time is remaining on both sides? the speaker pro tempore: the gentleman from texas has 13 1/2 minutes remaining. the gentlelady from california has 18 1/2 minutes remaining. mr. hensarling: at this time, mr. speaker, i will yield two additional minutes to the gentleman from michigan, mr. huizenga, chairman of our monetary policy. the speaker pro tempore: the gentleman from michigan is recognized for two minutes. mr. huizenga: i appreciate the opportunity to come up here and talk about this process. we are starting to talk about what had happened through the committee. there was a work group put together both in the last congress and in this congress. came up some very interesting things. reforms, included in that reforms was how do we extract ourselves out of this? here's what happened last time. last time the bank was re-authorized, it was through a
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short-circuited system much like we are experiencing today. they did not go through regular order. it did not have all of the backing that it needed. it was kind of jammed down on everybody on the house floor. so, in that to kind of get everybody to let that smooth over a little bit, there was a requirement that the u.s. treasury start a negotiation with the europeans about one specific product, wide body aircraft. and that is what maintains a vast majority of the business of the export-import bank. but here's the thing. u.s. treasury ignored that directive. they ignored the law as they were compelled to go in and start talking about how do we unwind ourselves internationally from this mess that's been created? i think it's a logical question to ask, mr. speaker. if they are willing to ignore that part of the law, that part of the law that we are trying to reform now, are they willing to
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ignore? my guess is all of it, because as i was talking about as we were floating these ideas of various reforms, making these recourse loans, making sure a bank examiner would come in and lao this bank to pass any banking standards. their portfolio waiting is way off. they could never pass any kind of examine that any traditional bank would have to go through. every time any of those kind of commonsense reforms were proposed, the word came back from down on high, from those big banks -- those big companies that utilize this bank said, no way. no way are we going to allow this to happen. and that's truly the characterization of this being regular order is way out of line in my opinion. the speaker pro tempore: the gentleman's time has expired. the gentlelady from california. ms. waters: i yield one minute to the gentlelady from ohio, who is also a member of the financial services committee. the speaker pro tempore: the gentlelady from ohio is recognized for one minute.
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mrs. beatty: here's what i know, mr. speaker. the american people are clamoring for us to do our job and work together to help hardworking american families get ahead. and we can do that today by reviving the export-import bank. a job creating organization that reduces the federal debt. no subsidy, no taxpayers' money. last night my caucus and some republicans joined together to force today's vote on reviving the export-import bank. why? because it creates jobs. it helps small businesses, female-owned businesses. and it's so important for us today to do this. i know it firsthand, mr. speaker, because in my district alone 14 businesses, including eight small businesses, one minority owned, one female owned, the export-import bank supports some $71 million in
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exports and here's the key, at no cost to american taxpayers. we have heard a lot today. some misinformed. some misleading. so here's what i think. the evidence is clear, mr. speaker, let us renew the bank's charter without delay. thank you. i yield back. the speaker pro tempore: the gentleman from texas. mr. hensarling: in order to help time, i continue to reserve. the speaker pro tempore: the gentlelady from california. ms. waters: i yield to the gentleman from virginia, mr. connelly, 30 seconds. the speaker pro tempore: the gentleman from virginia is recognized for 30 seconds. mr. connelly: thank you, mr. speaker. export-import bank is good for america. and the arguments against it in my opinion are un-american. this is the perfect republican dream. it reduces the deficit. it adds to the treasury. it creates jobs. and it costs taxpayers nothing. it is unilateral disarmentament
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to not recharge and re-authorize the export-import bank. i support the legislation. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. mr. hensarling: continue to reserve. the speaker pro tempore: the gentlelady from california. ms. waters: i yield to the gentleman from new york, mr. tonko, 30 seconds. the speaker pro tempore: the gentleman is recognized for 30 seconds. mr. tonko: thank you. i stand in support of the ex-im bank. hundreds of families in new york's capital region face uncertainty after one of the largest employers had to move jobs to france because its contracts needed a government-backed loan guarantee that the ex-im bank would have provided. i thank my colleagues on the other side of the aisle for their leadership. it's too bad that it took procedural gymnastics to finally receive a vote on a bill with such broad bipartisan support. look what we can accomplish when we work together to do what is best for the hundreds of people -- thousands of people we each represent in this body. the export-import bank equals jobs. let's get it done. let's put people before politics. the speaker pro tempore: the
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gentlelady from california. ms. waters: i yield to the gentleman from pennsylvania, mr. cartwright, 30 seconds. the speaker pro tempore: the gentleman is recognized for 30 seconds. mr. cartwright: i thank the gentlelady. mr. speaker, i rise in support of re-authorizing the ex-im bank. you have two types of people, practical people who care about real solutions for american workers and american businesses, and you have slaves to ideology. practical people want the ex-im bank re-authorized. this is supporting good-paying, family sustaining, manufacturing export jobs and the people in opposition are slavishly adhering to this ideology that hurts america. and in this case the ex-im bank returns a profit to the american people, reduces the deficit and the debt, and we ought to re-authorize it. i yield back, mr. speaker. the speaker pro tempore: the gentlelady from california. ms. waters: i yield to mr.
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langevin, 30 seconds. the speaker pro tempore: the gentleman is recognized for 30 second. ms. waters: the gentleman from rhode island. the speaker pro tempore: without objection. mr. langevin: mr. speaker, i rise in strong support of this bipartisan export-import bank re-authorization. the ex-im bank was founded by f.d.r. to increase the competitiveness of american exports. it has provided significant capital for u.s. companies and provided opportunities for u.s. jobs in allowing our companies to be competitive with companies overseas. it provides confidence to businesses and investors, allowing them to compete in the global marketplace. the bank has helped 26 businesses with a combined export value of $134 million in rhode island. the eximbank is a vital part of our nation's economic infrastructure and i urge my colleagues to support its re-authorization.
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thank you. i yield back. . the speaker pro tempore: the gentlewoman from california. ms. waters: i yield to the gentleman from pennsylvania, mr. thompson, one minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. thompson: mr. speaker, i rise in support of h.r. 597, renewal of the united states export-import bank. in pennsylvania, the ex-im bank is essential to the economic health throughout pennsylvania's fifth district supporting 11,000 jobs. the bank supports 0,000 jobs across the commonwealth and nearly 300 companies adding $7 billion to pennsylvania's economy. exporters range from powdered metal companies and those involved in the manufacture of rubber and plastic products. all of these businesses provide jobs which sustain our local communities. since 2007, exports in
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pennsylvania have amounted to $1.3 billion supporting thousands of jobs in rural pennsylvania. the ex-im bank is not a burden on the taxpayers. in 2013, the bank covered its own expenses before directing more than $1 billion in the u.s. treasury. i joined a bipartisan group of my colleagues to bring renewal of the bank to the floor today and cast a vote in favor of the bill's passage. i yield back. the speaker pro tempore: the gentleman from texas. mr. hensarling: i yield one minute to the gentleman from florida. mr. desjarlais: the closest thing to eternal life is a government bureau. how rare we reduce government. now my friend on the other side of the aisle they believe on the type of politicized economy for which the ex-im bank has been a poster child. i can't understand how members
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who preach limited government, willing to turn over the floor of the house to the minority party. if we simply did nothing we would face less government, there would be less corruption and the economy would be less politicized. vote how you want, but please if you support resurrecting this agency spare us the notion that you are actually here to reduce the size and scope of government. i yield back. the speaker pro tempore: the gentlelady from california is recognized. ms. waters: i yield to the gentleman from minnesota, mr. nolan. mr. nolan: mr. speaker, members of the house, with all the gridlock and all the partisanship and the inability of this congress to fix things and get things done, we are looking at good opportunity where republicans and democrats have come together to fix things. and this ex-im bank doesn't cost
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the taxpayers a penny. it creates tens of thousands of jobs all across the country and it yields a $7 billion profit for deficit reduction in this country. life should be so good if we had a few more agencies like that and doing such great work for the american people. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek recognition? mr. hensarling: mr. speaker, at this point, i would like to yield two minutes to the chairman of the oversight and investigations subcommittee of financial services, the gentleman from wisconsin, mr. duffy. the speaker pro tempore: the gentleman is recognized for two minutes. mr. duffy: i just want to quickly address my good friend from minnesota's comments that this ex-im bank doesn't cost any money. the truth is that it does. we bailed it out to the tune of $3 billion in the 1980's. fannie and freddie don't cost the taxpayers any money?
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doesn't cost taxpayers money until it does. it is a government guarantee. and you see how hard it is when you are going to take away a government subsidy. businesses fight like you know what so you don't take it away and they will lobby. i'm tired. i hear some of those presidential candidates talk about cronyism and those who look out for corporate welfare and try to point the finger to this side of the aisle. if you open your ears and listen to this debate, ask yourself who is fighting for corporate welfare? who is fighting to make sure that you have a guarantee in the ex-im bank that supports 80% of the dollars to big massive businesses. it's democrats. democrats partner big government with big business and that's what's happening right here. picking winners and losers.
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delta has to compete with airplanes that are subsidized in foreign markets by the american taxpayer. they can't compete. we pick boeing jobs over delta jobs? who are we in this institution to say what job is better? let's let the market work and not be the ones who come in and dictate what works and what doesn't. and to think we are going to set up a system and my friends will say this is about american jobs. it's only about american jobs if it meets our political criteria in that if you are dealing with carbon and if you are in a carbon job, the bank won't be involved in those. that's wrong. let's work together and fight for the american taxpayer and take away this government subsidy. with that, i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from california seek recognition? ms. waters: i yield one minute to the distinguished leader, nancy pelosi, who has been a steadfast advocate on behalf of
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the interests of american workers and made re-authorization of ex-im a top priority. the speaker pro tempore: the gentlelady from california is recognized. ms. pelosi: i thank the gentlelady for yielding and her kind words. i rise in strong support of re-authorization of the ex-im bank. on former ranking member foreign ops on appropriations, i realized how important this was to our economy and small businesses in america. so here today, we are coming to the floor in a bipartisan way to create good paying jobs. how many? 1.5 million since the year 2007. we are here to reduce the deficit. how much? in the past two decades, $7 billion. $7 billion in money coming in to reduce the deficit. we are creating jobs, good pay
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ing jobs, fueling our economy and respecting the interviewership and optimism of small and moderate businesses across the country. there are some big businesses that benefit but most of them have subcontractors. when we talk about making it in america, i want to recognize the great leadership of our whip, mr. hoyer, make it in america. this is what this is about, make it in america so people can make it in america, but also we can find markets abroad for our products made in america. and thank you, mr. hoyer, for your leadership on that and on the re-authorization of the ex-im bank. because of all of that work, the term, made in america, that label continues to have the great prestige and quality that we have known it to have. i salute mr. denny heck.
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he is just remarkable. and 24 hours he had 187 co-sponsors of his bill earlier this year. that is so remarkable and then the short time after that, more, even more. and thank you for all the work you have done to bring us to today and to our republicans who are supporting this, mr. fincher, thank you for your leadership and your courage to give us this opportunity today. i want to thank maxine waters. this has been a long haul, as many of you know. and over that period of time, for one reason or another that we're not hearing in the committee of jurisdiction that could focus on the advantages of the ex-im bank. she had round tables, bringing in experts on what this meant to our economy, bringing in and listening to the public, hearing
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from small businesses what this meant to them. who would have ever thought that maxine waters, the ranking member on the financial services committee would be the champion for big, moderate and small-sized businesses in our country. we would have thought it, but the world knows. thank you for your perseverance. you did a wonderful job, keeping this issue alive, recognizing the great leadership that we ave at the ex-im bank, recognizing the hard-working people who are there who know about markets. and this is important because many banks that small businesses might go to for a loan or loan guarantees, they are not used to dealing with markets abroad, and that's why this is such an important link between entrepreneurship, creativity and innovation and how we expand
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markets for all of that throughout the world. i'm really happy. congratulations to the house of representatives. today we are creating good-paying jobs, we are reducing the deficit and we are doing it in a bipartisan way. with that, i yield back. the speaker pro tempore: the gentlelady's time has expired. the gentleman from texas is recognized. mr. hensarling: may i inquire how much time is remaining on each side? the speaker pro tempore: the gentleman from texas has 8 1/2 minutes and the gentlelady from california has 13 minutes. mr. hensarling: i will reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlelady from california is recognized. ms. waters: i yield two minutes to our distinguished whip, mr. steny hoyer. whip hoyer has a long record of advocating on behalf of our nation's exporters and their workers. with his leadership we are here today on the verge of finally passing legislation to reopen
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the ex-im bank. the speaker pro tempore: the gentleman from maryland is recognized. mr. hoyer: i thank the gentlelady for yielding. i listen to this welfare state rhetoric. the american public ought to know that 147 republicans voted to re-authorize the export-import bank just a few years ago under the leadership of mr. cantor and myself. it was not until the ideological -- how do i say what has happened in the house of representatives? we retreated from bipartisan working together. we retreated from pragmatism and -- those ideological are tough words. when you have 147 republicans and every democrat, 330 members of the house of representatives voting to re-authorize this
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bill, just a few years ago, this rhetoric that i hear now that somehow this is selling out to the welfare state is a little difficult for me to believe. i know it's become an issue for some hardlined groups and this is not just for big business or medium business or small business, this is for american jobs. little people. do big people provide jobs for little people? yes, they do. and do we want that done? yes, we do. and should we therefore be competitive with the rest of the world, who offers subsidies so their corporations, so their medium-sized businesses, so their small businesses can reate jobs for people.
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330 of us voted to re-authorize this just three years ago. awareness had some that this is somehow going to the welfare state. let us come together as practical people, common sense, who want to be competitive with the rest of the world. let's pass this bill. the house is for it. the majority is for it and it has been bottled up which has not allowed the majority to work its will. today for the courage of mr. lucas, mr. fincher and others, the majority will work its will. isn't that wonderful? i urge my colleagues to support this bill. the speaker pro tempore: the gentleman's time has expired. the gentleman from texas wish to reserve? mr. hensarling: reserve. the speaker pro tempore: the gentlelady from california is recognized. ms. waters: i yield to the gentlelady from ohio. the speaker pro tempore: the
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gentlelady is recognized. ms. kaptur: i thank ranking member waters for this time. u.s. export-import bank means jobs in the united states of america. om 2007 to 2015, in ohio, it supported 236 small businesses and $3 billion in ohio exports. superior holdings, first solar, port clinton manufacturing, a.j. rose manufacturing and so many other companies who want to export. in today's world markets no serious nation can compete without the export-import bank. more than 50 countries have an export-import bank, china, japan, korea, france, brazil. our competitors. i support re-authorization of the ex-im bank. it means jobs and means business for the u.s.a. i yield back. the speaker pro tempore: the gentleman from texas wish to reserve? mr. hensarling:. reserve.
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ms. waters: i yield to the gentleman from washington, the speaker pro tempore: the gentleman from washington is recognized for one minute. mr. reichert: i thank the gentlelady for yielding. mr. speaker, one of the america's greatest promises is the promise if you work hard, play fair, your opportunities are endless. thousands of business owners throughout this country have lived by this mantra and sought new opportunities abroad. when congress allowed the charter of the export-import bank to expire, over the summer, we took away an important tool for american business owners and their employees. they depend upon it. this is about jobs. many small companies throughout my region and in my district have relied on ex-imbanks. i'll name one. number nine 9, small town in eastern washington. a hay company in washington with the sport of ex-im bank, this company was able to expand its business, hire employees, and sell in foreign markets. otherwise not. this story is the story of
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success, of jobs for the small hardworking businesses of america that create 85% of our jobs. if we don't act, businesses of all sizes and the people they employ will be threatened. i support this measure and i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from texas reserves. the gentlelady from california is recognized. ms. waters: i'd like to inquire how much time we have left on this side. the speaker pro tempore: the gentlelady from california has 9 1/2 minutes. and the gentleman from texas has 8 1/2. ms. waters: thank you very much. i will yield one minute to the gentleman from new jersey, mr. tom macarthur. the speaker pro tempore: the gentleman is recognized for one minute. mr. macarthur: i thank the gentlelady for yielding. before i came here i spent 30 years in the private sector and built a business from about 100 odd people to today about 6,000. and i learned that you need capital to grow a business. well the ex-im bank provides just that.
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now, if the private sector could provide that, well, this would be a different discussion. but the private sector doesn't. and the ex-im bank provides a necessary resource for companies doing business overseas. in fact, i have had lenders tell me they will not loan if the ex-im bank is not already involved. the ex-im bank supported $27.5 billion of u.s. exports last year, 164,000 jobs. to not re-authorize is to be shortsighted. i urge my colleagues to remember this is a republican bill. it deserves our support. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from texas reserves. the gentlelady from california is recognized. ms. waters: i yield to the gentleman from rhode island, mr. cicilline, 30 seconds. the speaker pro tempore: the gentleman from rhode island is recognized for 30 seconds. mr. cicilline: mr. speaker, i thank you. i thank the gentlelady for
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yielding. i rise today in support of the re-authorize of the ex-im bank. the ex-imbarning is a critical resource for rhode island manufacturers looking to expand in new markets. over the last eight years the ex-im bank has provided more than $20 million to rhode island companies to guarantee credit and disbushes loans. i'm pleased after four months of inaction the house is sinal finally voting to re-authorize is critical institution. i thank my colleagues for their support. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from texas reserves. the gentlelady from california is recognized. miss water: i yield to the gentleman from -- ms. waters: i yield to the gentleman from pennsylvania, mr. charlie dent, one minute. the speaker pro tempore: the gentleman from pennsylvania is recognized for one minute. mr. dent: thank you, mr. speaker. i certainly rise in support of this legislation that would re-authorize the export-import bank. in my district alone, the bank's activities have supported thousands of jobs and over $600 million in export sales. the financing provided by ex-imhas provided critical support to a wide array of industries in pennsylvania
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ensuring the products range from major energy components to help l and g exports to locomotives and cement equipment, to computers and electronics and to aircraft are able to continue to be manufactured by pennsylvania workers. developing countries as we know don't have very warm capital markets and they need this financing to help them buy american products. as our sole credit agency, the bank provides a security u.s. firms need to assess the access burgeoning markets, strengthens our trade balance, and helps to sustain our global market share. it does all this while still returning money back to the u.s. treasury. importantly, this bill incorporates essential reforms that will significantly improve the bank's risk management and transparency and provide four small business was an even great share of lending support. for those who talk about ex-imcreating winners and losers, i would argue by letting the bank's authority lapse we have created loosers. the losers are now american job creaters and the winners are china, france, bra sill that continue to support their
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exporters and welcome the opportunity to increase their market share and domestic manufacturing base in the absence of u.s. competition. let's not unilaterally disarm our ability to assist our exporters. let's show the american people we continue to govern in a bipartisan manner. let's pass this bill. mr. speaker, i urge we support this legislation. the speaker pro tempore: the gentleman's time has expired. the gentleman from texas is recognized. mr. hensarling: mr. speaker, i'm very happy now to yield two minutes to the gentleman from south carolina mr. mulvaney, another important member of the house financial services committee. the speaker pro tempore: the gentleman from south carolina is recognized. mr. mulvaney: thank you, mr. speaker. we have heard a loft talk so far today about the bank, about what the bank does. a lot of talk about small business. a lot of talk about the bank leveling the playing field. a lot of talk about the bank being that lender of last resort when no one else will step in to the breach to help american businesses. supposedly that's what this is all about. that's not what this is about. we had a discussion in the committee earlier this year
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where i suggested amendments that would focus the export-import bank on small business. that would allow the export-import bank to expand its use as learned of last resort. but that would limit the bank to true uses to level the playing field. when we really were competing with export credit facilities overseas. representative of the united states chamber of commerce sat in our committee and said he would oppose every single one of those amendments. small business is not what this is about. leveling the playing field is not what this is about. this is about doing the bidding of the very, very large corporations that have a very, very large lobbying presence in washington, d.c. that's what this is about. i'm just surprised to see who is for it. it we had a chance to actually fix the bank. no amendments were allowed today. we had a chance to actually focus on small business. a chance to focus on the bank's role as a last resort and focus
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on what the bank should be doing. but we'll miss that, mr. speaker. because we are doing the bidding of other folks. so let's vote as you will. but let's be honest about what this is and what this is not with that i yield back. the speaker pro tempore: the gentleman yield back. the gentlelady from california is recognized. ms. waters: i yield to the gentleman from illinois mr. bob dold, one minute. the speaker pro tempore: the gentleman from is recognized for one minute. mr. dold: i thank gentlelady for yielding. i want to thank my good friend, mr. fincher, for his leadership on this bill. come interesting illinois' 10th congressional district, we are the fourth largest manufacturing district in the nation. the export-import bank is a bank that does finance many small businesses. 86% of the loans that happen in illinois' 10th congressional district and the export-import bank go to small businesses. yes, boeing does utilize the export-import bank. they say, whenever a boeing plane lands, 19,000 small businesses land with them.
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so there is no question we talk about jobs and the economy. i hear it constantly. i know my colleagues do all across this body because i have had the opportunity to talk to thefment they are talking to their constituents. it's still about jobs anti-economy and the uncertainty that's out there. i had a conversation with a small business owner that said i can't go to my local community bank and get financing for a tractor that i want to send over to france or germany. so consequently if we don't re-authorize the export-import bank, they are going to take those jobs and move them overseas. that's the last thing in the world that we want, mr. speaker. we want to talk about good, high-paying jobs right here at home. we want to talk about manufacturers that have the ability to be able to create products right here at home. create more jobs right here at home and send those products all over the world. the export-import bank allows us to do that. we need to level the playing field and not unlaterally disarm. i urge my colleagues to vote yes on the export-import bank and yes to american jobs. the speaker pro tempore: the gentleman's time has expired. the gentleman from texas is recognized. mr. hensarling: reserve.
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the speaker pro tempore: the gentlelady from california is recognized. ms. waters: i yield to the gentleman from california, mr. duncan hunter, one minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. hunter: i thank gentlelady for yielding. i'm proud to give my support to this valiant effort to re-authorize the ex-im bank that puts the best interest of american manufacturers, innovators enand entrepreneurs. we had a vote this year on the t.p.a., trade promotion authority. many of my colleagues arguing against the ex-im bank unapologetically stated their intent to give the president new expansive authority to export u.s. jobs overseas. this amounting to millions of jobs in overseas all in the name of trade and globalization. if you want to talk big business, i ask my friend against the ex-im bank to look at that vote. many of those in that contingent who voted for the trade promotion authority are going to vote for the big trade deal we have coming up are now trying to say there is something inherently wrong with trying to
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underwright u.s. exports through the eximbank. although the vast majority of bank loans support small business. in my district alone, eastern san diego, you have nine companies. no boeings. no g.e.s. over 400 jobs, $60 million in exports. all underwritten by the ex-im bank. here's what ronald reagan said about the ex-im bank. exports create and sustain jobs for millions of american workers and contribute to the growth and strength of the united states economy. the ex-port import bank contributes in a significant way to our nation's export sales. with that i urge my colleagues to support this effort. with that i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from texas reserves. the gentlelady from california is recognized. ms. waters: i yield one minute to the gentleman from illinois, mr. adam kin singer. the speaker pro tempore: the gentleman from illinois is recognized for one minute. mr. kin singer: i thank the gentlelady for yielding. i thank everybody on both sides of the aisle for their hard work in getting this very important thing done. i flew to ethiopia about six months ago and i flew on a
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boeing airliner. a lot of talk about boeing here, i didn't fly on an airbus. what that represented to me were a lot of jobs that boeing provides to people. but a lot of jobs in my district of small suppliers that supply to boeing. i think that's something that's been lost in this whole debate. there's been a lot of negativity, a lot of negative talk. i want to tell you something positive. that is the thousands of people that work in my district that don't have to worried about getting a pink slip tomorrow or the nks day -- next day because they know their manufacturing job is secure because of our future and our powerful ability to export around the globe. so while i know this has been a controversial process and i have respect for everybody on all sides of this issue, i would beg my colleagues, let's move forward in a bipartisan way, let's re-authorize ex-imback, and let's go ahead and move ahead with the business of the american people. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from texas is recognized. mr. hensarling: mr. speaker, i yield myself 10 seconds to quote president ronald reagan on march
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23, 1985. why won't the congress stop its export subsidies to a handful of corporations which account for less than 2% of u.s. exports? i continue to reserve. the speaker pro tempore: the gentleman reserves. the gentlelady from california is recognized. ms. waters: i yield to the gentleman from new york, mr. chris collins, one minute. the speaker pro tempore: the gentleman is recognized. mr. collins: i want to thank the gentlewoman from california for yielding. i rise today in strong support of the export-import bank. which supports hundreds of thousands of american jobs, returns a profit to the united states treshry. and ensures u.s. exporters can compete on a level playing field in the global market. i came to washington as a small business owner dedicated to expanding job opportunities for western new yorkers. unfortunately, due to misinformation and misguided outside interests, bank opponents have shut down a government program that directly
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aids american jobs. export-import supports thousands of jobs in western new york and numerous small businesses in the 27th congressional district. these companies provide real jobs in western new york, good-paying jobs, that will be lost if ex-imis not re-authorized soon. the fact is, exports drive job growth in the united states. when the company sells abroad, their employees, supplierers, and communities grow at hofmente re-authorizing the ex-im bank is vitefoorl manufacturers of all sizes to grow and prosper in a competitive world economy. that is why i fully support re-authorizing the ex-im bank and urge my colleagues to do the same. with that i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from texas reserves. the gentlelady from california is recognized. ms. waters: may inquire as to how much time i have left? the speaker pro tempore: the gentlelady has 2 1/2 minutes. the gentleman from texas has 6
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3/4 minutes. ms. waters: thank you very much. i yield the balance of my time to the gentleman from tennessee, representative fincher, a member of the financial services committee and i want to just take time to thank him and representative lucas for their courage and their leadership in making this vote possible today. the speaker pro tempore: the gentleman from tennessee is recognized. mr. fincher: thank you, mr. speaker. i thank the gentlelady from california for yielding. a lot of times we don't see eye to eye, but we have a fair and spirited debate and this time we do. i appreciate her willingness to support me in this effort. we have talked -- we have talked a lot today about many different things but i'm going to end on a note of facts.
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so often in washington, facts get lost. a few minutes ago, one of my colleagues from wisconsin, who probably will be the next speaker of the house, stood up and really spoke against our efforts in trying to save the export-import bank. and i was reminded of just a few years ago of a couple of very serious votes that happened in the house. one was the automotive bailout and one was tarp. i have a quote from the gentleman from wisconsin over the tarp vote, was necessary in order to preserve this free intervise system. if we fail to do the right thing, heaven help us. now, mr. speaker, let me say, none of us are perfect. i am a long way from perfect. you ask my wife and she will tell you. but we are here to make the government work better, make it more accountable, make it
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smaller, and make sure the environment and the country is better for job creation and the job creators to create jobs. that's what the export-import bank does. the facts are it doesn't cost the taxpayer a dime, the facts are it returns money to the treasury, every year, the facts are this is a republican reform bill. we're fixing almost everything that's been -- almost every problem that's been raised, we're addressing in this reform bill. those are the facts, mr. speaker. 80 years old, 60 other countries have them. this is about us being competitive all around the world and making sure that we keep american jobs here at home. i urge my colleagues today on both sides of the aisle, let's put american workers first. let's make sure that we are working for the folks back home in our districts. and let's put these politics
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aside for today and put the country forward. with that, mr. speaker, i yield back to the gentlelady from california. the speaker pro tempore: the gentleman's time has expired. the gentleman from texas is ecognized. >> may i inquire, has the other side yielded back? the speaker pro tempore: the other side's time has expired. mr. hensarling: in that case, mr. speaker, i will close. we had a rather spirited debate here between those who believe the ex-im bank is about economic development and trade and those who believe it's about corporate welfare, cronyism, and an unfair economy. for those who claim ex-im creates jobs, the congressional research service would tend to beg to disagree, citing economists who say they largely rearrange jobs. we know for a fact that they've rearranged jobs away from delta because they have said they have lost jobs when ex-im understand
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dieses air india. bolero refining in my native texas says they use jobs in america when ex-im will subsidize a turkish competitor. cliff's natural resources of cleveland, ohio, will say they lose jobs when ex-im subsidizes an australian competitor. hich has caused some to say it creates jobs in export industries by destroying jobs in nonexport industries. how is that fair? how is that fair, mr. speaker? we're told ex-im makes money for the taxpayers. well, yes if you use special washington insider accounting rules. but if you use fair value accounting, something the rest of america has to use, the congressional budget office says it loses money. it's received an actual bailout from the federal taxpayers before. we are told they help small business and you know what, that is true in a number of cases.
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but yet 2/3 of the benefits go to fortune 50 companies. like boeing. like g.e. they're great companies with great people doing great things. i just wonder why they have to receive taxpayer subsidies. and 40% goes to benefit one company. boeing. that's why it's afeck gnatly called the bank of boeing. i know it helps some small business bus other small businesses aren't too fond of the ex-im bank. we hear if the chairman of michael lewis company in illinois, over time, it creates a fitted playing field that means fewer u.s. airline jobs. translates into economic pain for thousands of bs -- of businesses leek ours and our employee. that's the voice of small business. chris rupert, founder of the morningstar company, when the
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company benefits from the support, they pocket the money. when it default. taxpayers pockets' get picked. it's private gain at the expense of public. we're told as long as global competitors do this, we have to do it. that's an argument i hear from my chern. everybody else is doing it so we have to do it. but the truth is almost 2/3 of ex-im's books have nothing to do with countervailing duty. almost 99% of u.s. exports are financed without ex-im. so we need to help our exporters, we need to help our small businesses, but the way we to that is through expanded trade. it's through fundamental tax reform that the national association of manufacturers has said it's 50% of our competitive disadvantage. let's make a fairer, flatter, simpler tax code. let's have regulatory reform ith the rains act.
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let's drive prices down. so the arguments who propose to support ex-im, these are good people and i know they believe in their hearts and heads in what they're doing, but i don't think their arguments bear scrutinyful they don't stand up to the light of day. because the true face of ex-im is about cronyism. it's about misplaced priorities. it's about foreign aid. it's about corruption. again, this is a bank that benefits a handful of fortune 50 companies that lobby and lobby well. now i would defend their first amendment right to do it, i just western they'd lobby for more constitution and more free tom and not subsidy and special privilege. we know that so much of this, mr. speaker, so much of this support, ends up in countries like china and russia. we ask the chirle -- asked the chairman of the export import bank, we're supposed to compete with china by subsidizing china?
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-- you know what his answer was? well, it's complicated. it's not complicated, mr. speaker. it's stupid. it's stupid for us to subsidize china in the thought that we'll compete with china. almost $1 billion to the democratic republic of con gow which is the third worst human rights offender in the world this ecronyism. money to solyndra, money to enron, $33 million to a spanish green energy company that bill richardson, former energy secretary, sat on the advisory board of the ex-im and then sat on the board of the green energy company. how cozy. corruption the last six years. 76 years poe total prison time. one employee just recently pleaded guilty to 19 counts of bribery. mr. speaker, the genius of our system, the fairness of our system, is about the free
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enterprise system. it is not about crony aptalism. your success in america should depend upon how smart you work and how hard you work on main street, not who you know in washington. crony capitalism is a threat our free enterprise system. this is america. if you dream big dreams, if you play by the rules, you can make it on main street. but not in this washington insider economy. and there's no better poster child of the washington crony economy than in corporate welfare than the export-import bank. so i have no doubt that an overwhelming number of democrats are going to support the re-authorize eags of export-import bank. they're always happen to allocate credit and our economy is part -- in our economy as part of a political process. they're always happy to subsidize corporate america as long as they can also regulate and criminal it. but that's not fair to people on main street. it is the free enterprise system
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that is fair. s the free enterprise system which is moral. s the free enterprise system which is based on merit. s the free enterprise system which is empowering to people. it's the only economic system that frees ordinary people to achieve extraordinary results system of mr. speaker, that's what this debate is all about. it's about a fair economy for everybody in america. those who can't afford the high priced lobbyists in washington, d.c., those who want to work hard and play by the rules, it's time for taos say, no to crony capitalism. say yes to prix enterprise. say yes to a fairer economy and reject the
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>> congressman john larson on ition.oposed journal" his life each morning on c-span. house minority leader nancy pelosi spoke to students at george washington university about women in politics. also spoke about the environment and the 2016 presidential race.
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>> her distinguished career reached a high point when she was elected in 2007 i is the only women in history to serve as speaker in the house. we will talk about the critical important subjects of leadership, women in politics, and the role of the media and democracy. this is one of the signature events hosted every year. is celebrating its silver anniversary, marking 25
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years of training the next generation of media and public affairs professionals. there are many more anniversary events planned. now, it is my pleasure to introduce frank says no, the thee director of school of affairs and the moderator. he served as the white house correspondent banker and the washington bureau chief. he has interviewed five presidents, thousands political and civic leaders, and he leads a faculty of the festivals that engage in scholarship and andhing on journalism digital media. welcome frank cessna.
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[applause] frank: thank you very much for that warm introduction. good morning, everybody. great. welcome to the school of media and public affairs. our timing is pretty good. the leadership of the house arranged a budget deal just so we could have them here today. our goal is to train future journalists and political communicators with our ba and master programs. our conversation series is an effort to bring the real world in and to engage people in an intellectual and practical level so we can see what you are studying and how it actually plays out on the global and national stage. will behis conversation illuminating and inspiring to the students and others who joined us today.
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another way we help our students through the 25 years we have been doing what we are doing, is through the career access network. we launched this to market our silver anniversary. we are celebrating these 25 years. we have 3700 alumni who drive media. afford toing students do unpaid inter-ships so they get that first rung on the ladder of success. for those of you whole are aware of it, help us do it, for those of you who don't, help us d leae about it. we have a couple of special guests. our impeccable chair, sharp
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shar. heather moran. flunk tropically, so events like this can take place. i would like to think one other special guest. that is ed. supported aand project for the 20 12th election cycle. we had a group of undergraduate students printing one fact a day. now i would like to introduce our guest, the democratic leader of the house of representatives first007 to 2011, the woman speaker of the house, now representing california's 12
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district, san francisco, a proud italian-american. we hatched the idea that one person in the room, one person clapping in the room -- is that the only italian-american we have here? i don't think so. 2013, she was inducted into hall ofonal women's fame and still has the distinction of being the highest ranking woman politician and american history. please join me in welcoming nancy pelosi. [applause]
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frank: we are joined by some college democrats. is that right? [laughter] [applause] frank: college republicans might be here as well. thank you for coming in. for taking time out of your busy day, arranging budget and things like that. nancy: it's of happened that at 11:37 last night we finished the budget. how perfect is this? frank: i thought we could start differently, with a game. let's play a word association game. i have 10 names, or topics. i will give you a name or topic and you get a one word response. same: then do i get the chance with you? frank: you can ask me how great george washington university is. budget deal. hurray. her
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frank: john boehner. nancy: terrific. frank: freedom caucus. nancy: isn't free. frank: donald trump. nancy: performer. frank: ben carson. nancy: dangerous. it just came to my mind. frank: climate change. nancy: absolute. frank: russia. nancy: careful. k: taxes. nancy: investments. frank: paul ryan.
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nancy: hopeful. frank: is he hopeful or are you hopeful? nancy: we are all hopeful. usually it is joe biden. joe biden sits here. it is an honor for me to be here, in the presence of your very respected throughout the and president thank you for your kind words. thank you for your leadership as well. i have known frank a very long time. man rightslved in hu in china at the time. frank was then at cnn.
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i watched where this happened here at the george washington whatal media and public -- is the title? frank: public affairs. nancy: public affairs. this is wonderful. congratulations on your silver anniversary. frank: thank you. let's talk about the budget deal. it gives paul ryan, who presumably will be the new speaker, some running room. members ofouse says congress from both parties should support it. will you support it? the factsm presenting of it in i think that it will honor the faith and credit of the united states of america by honoring the principles we have had all along. whatever investments we make in the future, it has to be equal
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between defense and domestic. in the bill, we also present an increase in medicare payments for seniors. that is important to families. as well as addressing the disabilities issue. disabilityhe insurance part of social security and preventing a 20% cut in that. insurance of disability and , we corrected something that was going to happen and not what font in terms of the debt ceiling. the balance of the budget that we are not going to -- this has been a debate we have had for a long time. every time we want to list the caps for restraining the nationalt, our security and strength is measured in the education and well-being of our people. thevation that springs from
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classroom puts as qualitatively ahead in our research to keep america number one. that also means in the defense of our country. we have taken a note, to protect and defend. it is our first responsibility. what again, the defense of it is not just military. it is also in the strength of our society. frank: this is not exactly the grand bargain boehner was looking for years ago. it is a big deal. does this change the politics and the dynamic on the hill because it takes some of these issues and resolves them for two years? and there is going to be a bipartisan vote to get this passed? nancy: this is a budget. next we have to do the appropriations bill. for how we blueprint
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go to the next step, which must be accomplished by december 11. does it change the dynamic for going to that next step? nancy: this is the framework. speaker boehner wanted to have rst, before wefi understood what we could invest in. so we did the pay force. of whated the top line the investments will be. that is the framework that is handed to the appropriations theittee to write appropriations bill and pass it by december 11. this makes us hopeful about that. frank: i am curious as to what you think this means. we hear people talking about gridlock in congress, about how nasty things have gotten. there are plenty of people who criticize this process already,
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including paul ryan himself. he said it has to be open. does this change the dynamic on the hill? or is it just a gift from and to john boehner? to understande where we are. within the past few weeks our speaker said he was going to step aside because there were elements in his own caucus that said and less you shut down , unless you shut down government, we are taking the gavel. he did not let them do that. himself. away this is historic, a very big deal. you cannot let 10% of the congress, 40 members or something. they have enough to create the 218 the speaker needs to be
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elected, say unless you shut down government, you cannot be elected. this is stunning. he did the right thing by keeping government open. he had that meant that to -- that they would vacate the chair. for the institution, you don't want a speaker being overturned by 40 people. frank: you had us back? nancy: we had the institution's back. this is not good for the institution. you always have to be hopeful and optimistic. he knowsryan's credit, the issues and he knows the rules. that makes it easier to negotiate. frank: the freedom caucus has criticized this budget deal. they called john boehner a rogue agent. there is some discussion that this could hurt paul ryan.
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do see this hurting paul ryan? nancy: no, i don't, but i am sure there are those that will say that. agent"e language "rogue tells you something about the lack of stability that is going on in the caucus. the patriarch of our country, how great he was. when he left office he was suspicious of political parties. one of the things he cautioned against was to be aware of political parties that were at war with their own i think we have come as close to that as ever with certain elements of the republican party. all of us come to try to find common ground, to stand our ground when we can. that's what we do. you try to find common ground. but to come and think that you have every idea that you have is the only good idea, well, maybe monarchy or something like that
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might be better for you, but not respect anybody's opinion and be condescending of even those within your own party to the tune of using language like what was it -- mr. sesno: rogue agent. ms. pelosi: you said it. mr. sesno: i didn't say t i just quoted it. let me ask you about -- you have what you just talked about, the dynamic in john boehner leaving. and all the tumult over the next house speaker that followed. we have donald trump and ben carson on the campaign trail galloping away with the party. bernie sanders who is definitely an uncandidate in many ways, democratic socialist with serious numbers on the democratic side. you have been in politics for -- what the heck is happening here? is america mad? confused? alienated? are you guys just getting terribly mucked up?

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