Tim Scott: “Exim's ability to approve major transactions depends on maintaining a functioning board with a quorum.”

“We need an Export Import bank that helps American companies win, strengthens critical supply chain, supports our energy and technology leadership, and protects taxpayers along the way. These nominations also matter because Exim's ability to approve major transactions depends on maintaining a functioning board with a quorum. For businesses in South Carolina and across the country, access to Ex IM financing can mean the difference between winning a contract and losing it to a foreign competitor, and between expanding a plant in America or seeing that business go overseas.” (01:10–01:18)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.