November 15, 2019

Weekly Wrap Up

Week 46 (November 16)

On Veteran’s Day, Congressman Correa attended a flag-raising and pinning ceremony in Garden Grove to honor and celebrate the Vietnam War Veterans of our community. Along with Congressman Alan Lowenthal, Congressman Correa presented Service Lapel Pins to all Vietnam War-Era Veterans who had served on active duty during the Vietnam War. 

Back in DC, the House’s impeachment inquiry into the President’s misconduct moved forward this week as the House Intelligence Committee held its first public hearings. The American people heard testimony from dedicated public servants and career diplomats who have served both Democrat and Republican presidents about the extent of President Trump’s abuse of power. The new details add to the mountain of incriminating evidence that proves the President abused his power to influence the outcome of the 2020 election. 

On the House floor, Democrats continued to work on behalf of the American people by voting to reauthorize the Export-Import Bank, a pillar of America’s economic security. The Ex-Im Bank, which would be renamed the United States Export Finance Agency by the bill, creates and sustains American jobs by filling in gaps in private sector financing for sales of ‘Made in the USA’ products and services to buyers around the world. The Ex-Im Bank assists American companies and workers to compete globally by increasing support for jobs and small business. The reauthorization of Ex-Im has broad support from American companies and workers and is critical for advancing America’s economic preeminence in the world and lifting up communities at home.   

This Week’s Votes

H.R. 4863 – United States Export Finance Agency Act of 2019 – Reauthorizes and reforms the Export-Import Bank to promote the competitiveness of the United States by creating and sustaining jobs.

  • Reauthorizes Ex-Im, the official export credit agency of the United States, for ten years and renames it the U.S. Export Finance Agency.

  • Increases Ex-Im’s lending authority from $135 billion to $175 billion.

  • Increases the percentage of lending for small businesses from 25% to 30% of the total lending volume.

  • Enhances the accountability, resiliency, and inclusivity of Ex-Im.

  • Denies financing to any person or entity who has criminally violated U.S. corruption laws, intellectual property laws, or U.S. sanctions.

  • Fills gaps in financing when the private sector lacks the willingness or capacity to support U.S. exporters’ financing needs.

Catch Us In The News

What We’re Reading

Looking Ahead

On Tuesday, November 20th, the Subcommittee on Border Security, Facilitation, & Operations of the House Committee on Homeland Security will hold a hearing on the Department of Homeland Security’s harmful “Remain in Mexico” policy. Congress will continue their work to ensure that the President is held accountable. 

 

Check back next week to learn more about how Congressman Correa is fighting for Orange County.