Export-Import Bank. During consideration of the foreign aid appropriations bill (H.R. 2506), Rep. Ron Paul (R-Texas) offered an amendment to eliminate the subsidy appropriation account for the U.S. Export-Import Bank. Paul, who had voted five days earlier to extend Normal Trade Relations with China, noted that "the largest foreign recipient of the foreign aid from this bill is Red China, $6.2 billion." An advocate of free trade, Paul told his colleagues: "I do not believe this Congress should be in the business of subsidizing anyone."
The House rejected the Paul amendment on July 24, 2001 by a vote of 47 to 375 (Roll Call 261). We have assigned pluses to the yeas.
