The speaker pro tempore on this vote the devil rayr yeas are 228 on this vote the yeas are 228. The nays are 198. The resolution is adopted. Without objection, the motion to reconsider is laid upon the table. Pursuant to clause 8 of rule 20, the Unfinished Business is the question on agreeing to the speakers approval of the journal which the chair will put de novo. The question is on agreeing to the speakers approval of the journal. So many as are in favor say aye. Those opposed, no. In the opinion of the chair, the ayes have it. The journal stands approved. Pursuant to House Resolution 695, House Resolution 661, and the House Resolution 693 are considered as adopted. For what purpose does the gentlewoman from massachusetts seek recognition . Mr. Speaker, i ask unanimous consent that i may hearafter be considered as the first cosponsor of h. R. 1915, a bill originally introduced by representative cummings of maryland for the purpose of of adding cosponsors and requesting reprintings pursuant to clause 7 of rule 12. The speaker pro tempore without objection. The house will come to order. The chair lays before the house a communication. The clerk the honorable the speaker, house of representatives. Madam, pursuant to the permission granted in clause 2h of rule 2 of the rules of the u. S. House of representatives, the clerk received the following message from the secretary of the senate on november 14, 2019, at 11 51 a. M. That the senate passed, senate 2851. That the senate agreed to without objection amendment house concurrent resolution 72. Signed, sincerely, cheryl l. Januaryson. Johnson. The speaker pro tempore for what purpose does the gentlewoman from california seek recognition . Ms. Waters mr. Speaker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks the speaker pro tempore the house will come to order. The gentlelady proceeds. Ms. Waters i ask unanimous consent that all members may have five legislative days to evise and extend their remarks insert 4863, and to extraneous material thereon. The speaker pro tempore without objection. Pursuant to House Resolution 695 and rule 18, the chair declares the house in the committee of the whole on the state of the union for consideration of h. R. 4863. The chair appoints the gentleman from oregon, mr. Blumenauer, to preside over the committee of the whole. The chair the house is in the committee of the whole on the state of the union for consideration of h. R. 4863, which the clerk will report by title. The clerk a bill to promote the competitiveness of the United States to reform and reauthorize the United States export finance agency, and for other purposes. The chair the house will come to order. Please remove conversations from the chamber so that we can proceed. Pursuant to the rule, the bill is considered as read the first time. General debate shall be confined to the bill and shall not exceed one hour equally divided and controlled by the chair and Ranking Member of the committee on financial services. The gentlewoman from california, ms. Waters, and the gentleman from North Carolina, mr. Mchenry, will each control 30 minutes. The chair recognizes the gentlewoman from california, ms. Waters. Ms. Waters mr. Chairman, i yield myself such time as i may consume. The chair the gentlelady is recognized. Ms. Waters mr. Chairman, i rise in strong support the chair can we have conversations removed from the chamber. The chair of the committee deserves to be heard. Show her the respect she merits. The gentlelady will proceed. Ms. Waters mr. Chairman, i rise in strong support of h. R. 4863, the United States export finance agency act of 2019. H. R. 4863 reauthorizes and makes key improvement to the job creating Exportimport Bank. Let me begin by describing why the eximbank is so important. It was established 85 years ago and is the official export Credit Agency of the United States. Its mission is to promote the export of u. S. Goods and services in order to help create and sustain jobs in the United States. Over the last 10 years the bank has supported more than 1. 5 million american jobs at no cost to the taxpayer. Than 255 billion in u. S. Exports and remitted more than 3. 4 billion in deficit reducing receipts to the freshry. In my district treshry. In my district treasury. In my district the bank is currently financing 269 million worth of exports. From 13 different exporters, including 10 Small Businesses. Exim does not compete with the ivate sector, but instead the chair the gentlelady will suspend. Can we remove conversations from the floor. The gentlelady will proceed. Ms. Waters exim does not compete with the private sector but fills in gaps when the private sector lacks the capacity or willingness to provide the financing required by u. S. Exporters. During the financial crisis, the bank was an important source of financing when private capital was simply unavailable to many businesses. Exim estimates that during fiscal year 2010 in the depths of the financial crisis, it supported 227,000 jobs at more than 3,300 companies. The bank also plays a key role in leveling the International Playing Field by offsetting the financing offered by foreign export credit agencies, the exim bank is one of more than 100 export credit agencies around the world that help their home country exporters compete in the global markets. If we fail to reauthorize the bank, american businesses will be harmed and thousands of jobs will be lost. Unfortunately, in 2015 the Republican Leadership in the house allowed the banks charter to expire for the first time in the banks history. At that time a number of countries, including china, celebrated the banks closure because of the competitive advantage it gave them over u. S. Businesses and workers. Later, republicans in the senate hobbled exim for four years by refusing to confirm board of directors which prevented them from having a quorum. Exim reported that it was unable to approve 40 billion worth of transactions during this period. Which would have supported an estimated 250,000 jobs. H. R. 4863 is intended to renew the confidence of the u. S. Exporters in the exim bank while also sending a message to the world that the u. S. Is ready and is prepared to aggressively compete in oversees export markets. H. R. 4863 reauthorizes the exim bank for 10 years and increases the banks Lending Authority from 135 billion, to 175 billion. The bill strengthens support for Small Businesses which are the engine of growth in our economy, and it creates an office of minority and women inclusion, as well as an office of territorial exporting to support exporters in guam, puerto rico, the virgin islands, and other u. S. Territories. To creates an office for exports, energy strengthening the banks Environmental Policies and encouraging d greater accountability with respect to local communities negatively e affected by bank supported projects. H. R. 4863 also to avoid a cedures lapse in the boards quorum so maintain its can full operational capacity. Even when the senate is unable confirm board directors. The bill includes a number of that exim o ensure financing does not inadvertently support bad actors. Example, the bill prohibits inancing for the Chinese Military, the chinese intelligence services, and any actors, including anyone who has criminal levi ated the foreign corrupt or criminal corrupt the foreign practices act and also certify that neither they nor any of engage in diaries activities in violation of u. S. Sanction laws. So mr. Chairman, its imperative reauthorize the exim bank so that our businesses, u. S. Small will arge and have the financing support they need to compete in the global preserving and creating american jobs at home. I reserve the balance of my time. The chair the gentlelady reserves. He gentleman from North Carolina. Mr. Mchenry i yield myself such time as i may consume. The speaker pro tempore the gentleman is recognized. Today, i rise in opposition to h. R. 4863. Debating today incaps lates so much what is incapsulat es so much is wrong in congress today. Its a failure of legislating. Thats why we have a partisan to on the house floor reauthorize the Exportimport Bank. This bill passed the House Services committee by three votes with republicans all opposition and a few of my democrat colleagues in opposition as well. This is disappointing, though, is an understatement. In year, chairwoman and joined together in a bipartisan exim reauthorization bill, and it is ere in the house known as h. R. 3407. It included sensible reforms for that both parties could support. The chairwoman and i spent hours package. Ng this unfortunately, she didnt have the support from her fellow emocrats to bring that to markup, and thats a sad, sad thing. Because in ad thing that bill we took on the that is nal challenge incumbent upon us as policymakers, as american to be sensible to which is the threat, aggression economic and the military aggressiveness of that regime. We negotiated would have served as the most the longest and extension an authorization of exim bank, and had a chance to get the president s signature and actually be legislated in the senate as well. Sadly, the democrats walked away from that agreement because it limited exim subsidies to some owned by the Chinese Communist party. Stripped at majority out all the reforms we had agreed to. Hat were left here in this bill text is a restatement of current law and Current Practice by the Exportimport Bank on businesses chinese that the bank cannot do business with. They dont do business with them. That creates another glaring abuse. R the president has a statement of administrative policy, just white house, and it says the president would veto bill. Is its not going to get signed into law. Moreover, the Senate Majority this morning, quote, we are not going to pass the house bill, mcconnell said. Do not want that bill. Exim, a t to extend logical place to do that would be on the c. R. , on the ontinuing resolution, which will happen. Thats whats going to happen. Those watching, those listening this is all a show. At the end of the day, this wont make it into law. A clean ng to have extension of this we are going to have clean extension of which is an important economic tool for us. Compromise istant to limit exim support toward Chinese Communist party. Towards oses a threat economic and military aggression. We know about the chineses abuse of shocking human rights. We see this in hong kong and the suppression of freedom there. Governmentschinese true moetives for motives for he made in china 2025 initiative. Chinasts the extending global dominance. They are not a strategic ally. Theyre a threat. To this, we will ensure we wont take an important tool of our government subsidize beijing. F we want to counter beijings we must not use this. Beijing, we th cannot subsidize beijing. Ts bad policy for americans, and we should agree on that. In the bill that chairwoman waters and i filed. Supportear, republicans selling American Goods and services around the globe, in and in china. Thats why we support the reset arrangement with china the president s negotiating. Thing. Very important we also know that the chinese ommunist party sits on 2 trillion of dollar dominated reserves. About commerce. Its about financial assistance. Why use a mechanism of our subsidize the chinese economy . Why will we do that . Why will we do that . Policy. Ot sound thats not good policy. And when we marked up this bill, raised two s interesting counterarguments to this view. Amazingly, andas i think absurdly, that the financial Services Committee any d not weigh in on international matter, even though exims creation, the was on marxist, lennonist countries, and we wanted more trading parties to us in selling goods. N well, i think likewise, we have a similar challenge with china today. Been used exim has as a tool of Foreign Policy from the beginning, this argument was in committee. Thatso have important work we do with oversight of the world bank, the International Number of nd, a global institutions coming out arena. Financial services know, all of these under the financial Services Committees purview, committee ts on this should not opine that exim shouldnt get into this. At its creation got into it and continues to get into it nd thats the nature of exim financing. More allies to us in opposition to other regimes around the globe. Argument the democrats put forth is that their partisan bill has limits china anyway, because it bars exim from financing the army, which ration current law prevents from us that, American Companies from doing that directly. So its a restatement of policy, existing law. It says that companies on the entity nt of commerces list are banned from financing. That argument because those people on the cant do t, we commerce with them. Not even a question of who not. Idizes it or so its all a complete kabuke dance. Its no surprise to folks watching or listening to this debate that exim doesnt products to cial the submarine force of the chinese navy. Nice try. Very cute. We dont do that. Owever, exim does provide financing for companies that the Chinese Military can control to beijings strategic objectives. In the language of this bill, well have a handy dandy charter home can read. We have a massive chart. It doesnt matter. We have a long list of entities that exim could subsidize, that this bill does not affect, does touch. This e democrats put in bill meaningless language for political cover rather than to for mething right and real the American Economy. They dont have a response for questions of chinese aggression. Financing to vide Companies Like asia sat, which is controlled by the chinese overnment, and has helped Chinese Security forces to crack own on protesters in western china. Again, the democrats bill would do nothing to stop any of that. Its just example. Democrat bill does nothing to stop exim from financing governmentcontrolled ompanies that are acting contrary to our National Interests but which may not entity list on this of the commerce department. Huawei, for example, which exim authorized transactions entity hey put on the list in may. Its a recent example. Bill, eximmocrats subsidies for huawei were fine in april. Its bad policy for the American People to subsidize chinese aggression. By the same token, under the democrats bill, exim would safely finance Chinese Governmentcontrolled z. T. E. Whenration up to april 14, it was put on the commerce denied persons list. At that point, exim would no able to finance z. T. E. , except it could finance later just three months when it was taken off the list. Is anyone confused . Confused. Should be this is the incoherent nonsense it has in it. Its not smart policy. Its not good policy. Chinas second largest producer of Telecommunications Equipment and in violation of export control and sanctions laws with respect to iran and north korea. Democrats the bill, taxpayer assistance should bank tong through exim z. T. E. I dont think thats really what what theirbut thats legislative text does. These are just a few of the many examples of companies controlled by the Chinese Communist party that the democrat majority wants cater to underto this bill. Happen. E cant let that we should not let that happen. Thats not good policy. Its not commensurate where we as a nation with this rising threat of china. To reiterate my support exim extension of the bank. The authorities to ensure that to support ain open u. S. Jobs and exports and job globe, but und the with a caveot we should not be oing it in china to fund their aggression. So i urge a no vote on this bill. Of the have an extension bank. It will happen. It will be a bipartisan vote. This, though, is a bad bill that the not deserve to pass house of representatives. And even if it does pass the representatives, its going nowhere in the senate. And even if it passes the says hes president going to veto it. O lets think calmly and rationally about it. Lets not waste the peoples time here in the house of representatives. Needless debate on something thats going to go nowhere. Actually work on something that can take us somewhere. Bill. A bipartisan sadly, the majority walked away from it. So with that, id like to time. E the balance of my i urge my colleagues to vote no. The chair the gentleman reserves. The gentlewoman from california. Ms. Waters thank you very much. Mr. Speaker, id like to remind that mr. Mchenry is one of the ones responsible for nonreauthorization of the exim bank before. And het support it then doesnt support it now. Nd he never will because hes opposed to exim bank reauthorization, period. That, i yield five minutes to mr. Heck, a key sponsor of a major slation, and supporter of exim. The chair the gentleman from washington is recognized for five minutes. Heck thank you, chair waters. Thank you, mr. Speaker. Spend am not going to much time rebutting the arguments of the previous speaker. Every, given hes opposed single reauthorization of the exim since he Began Service in this chamber. He supported ce every amendment that would have been harmful in passed reauthorization past reauthorization legislation. Audacity to use huawei as an examp