Heitkamp, Durbin, Shaheen, Cantwell, Boxer, Whitehouse

National Defense Authorization Act (H.R. 1735)

Senator Heitkamp: (5:34 PM)

  • Spoke on the ex-im bank.
    • "And so, when we have this discussion during T.P.A., the vote on T.P.A., we wanted to have a vote that would guarantee that we would have an opportunity to prevent the ex-im bank from expiring, the charter from expiring. That's not this vote today. Where I am extraordinarily gratified by the show of support, what it really does tell us, if we bring up an ex-im bill on its own, an extension bill on its own, we'll be able to prevent something from happening that could have catastrophic economic results in this country. And so I would urge this body to find a path forward to prevent the ex-im bank charter from expiring, to have a path forward to honor our commitments that were made during an earlier vote so that we can have a vote and actually move this bill forward and not simply have a vote to show support by actually pass a bill."

 

Senator Durbin: (5:36 PM)

  • Spoke on the ex-im bank.
    • "So we understand the procedure that just took place, there was an amendment offered that would have extended the ex-im bank, and then a motion to table it. And I believe 60 members or more voted against the motion to table, which shows a positive sentiment about extending the ex-im bank. And after that vote, the sponsors of the amendment withdrew the amendment from this bill. So at this moment in time I'd like to ask the senator for absolute clarity. We have nothing before us that would extend the ex-im bank in this bill or in any other manner before the end of June when it expires?"

 

Senator Shaheen: (5:38 PM)

  • Spoke on the ex-im bank.
    • "One of the things we heard was testimony from an employee of a company called Goss Manufacturing which makes large printing presses and competes mostly with Germany but with countries around the world. And one of the things she talked about is that they've got $10 million in deals that are sitting on the table at ex-im that they need to have approved before the end of June when the authorization expires. And if those don't get approved, they are not going to be able to create 45 new jobs that they're talking about as being able to create as part of that deal. So if the authorization for ex-im expires, not only is Goss going to have trouble with those jobs, but companies across this country are going to lose jobs that would be created if those financing deals could go through."

 

Senator Cantwell: (5:41 PM)

  • Spoke on the ex-im bank.
    • "I think a lot of people get the impression that this is about big manufacturers and I've always said those guys will take care of themselves. They have lots of people that will take care of themselves. But the small business who will actually lose business on June 30 don't have people here. That is why we're fighting so hard to get a vote before June 30 that actually will go to the house on a vehicle."

 

Senator Boxer: (5:43 PM)

  • Spoke on the ex-im bank.
    • "We were on three sides on the trade vote and I remember how hard you pushed for a commitment, a real commitment which I think in good faith you believe you got. I'm afraid what we got here tonight is quite cynical. It doesn't do anything. I don't get what the point was. Wouldn't it be far better if you got a commitment from the majority leader to set aside some time right after this bill, certainly before the end of this month, because as Senator Cantwell always tells us, the end of the month is the end of the bank; okay? So if we could get a commitment, I'm asking my friend, wouldn't you be willing to agree to a time agreement so that we wouldn't have to take up days and days and days to get this reauthorization done?"

 

Senator Whitehouse: (5:47 PM)

  • Spoke on climate change.
    • "First, the bill lowers the top marginal corporate income tax rate from 35% to 29%. This would cut American corporate taxes by almost $600 billion over the first decade. Second, it provides workers with a $500 refundable tax credit, $1,000 for a couple. To offset their first $500 paid each year in Social Security payroll taxes. The credit would grow with inflation. The tax credits would return over $750 billion to American households over the first ten years. Third, it would give benefits to Social Security recipients, veterans' program beneficiaries and certain other groups of retirees. At the same level as the tax credit, these benefits would total more than $400 billion over ten years. Finally, the bill would establish a block grant for states, totaling $20 billion in 2016 and growing with inflation to help with low-income needs, rural households and transitioning workers. Governors in these states will know best what to do with the funds."