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Mr. HILL of Arkansas. Mr. Chairman, I thank Chairman Cole and Chairman Joyce for their good work on our side of the aisle and the committee at large for producing this constructive, good appropriations bill.
I rise in support of the Financial Services and General Government and National Security, Department of State and Related Programs Appropriations Act.
This bill funds key government agencies that are focused on economic stability, fiscal responsibility, and national security. As chair of the House Financial Services Committee, I am proud that key provisions included in this bill were championed by our committee.
My bill, H.R. 1474, the International Nuclear Energy Financing Act, expands U.S. financing tools for civilian nuclear energy projects abroad, helping U.S. companies compete globally while promoting safe and reliable energy as an alternative energy source from opposing nations.
It requires the Treasury to advocate for nuclear energy assistance at the World Bank and other international financial institutions, including the establishment of Nuclear Energy Assistance Trust Funds.
Also included in this funding package is Congresswoman Salazar's H.R. 6892. This is a critical piece of the bill that authorizes a capital increase for the Inter-American Development Bank, IDB Invest, an arm of the Bank devoted to private-sector growth in Latin America. Empowering the IDB Invest helps expand opportunities for U.S. businesses and strengthens their economic partnership and footprint in Latin America and counters growing influence from our global competitors.
We cannot overlook also, Mr. Chairman, the importance of adequate funding for the Securities and Exchange Commission, which is included in this bill. Strong capital markets are essential to American economic leadership, and ensuring that the SEC has the resources, clear rules, and effective oversight to carry out its mission is essential.
Mr. Chairman, I thank the chairman for his leadership. I appreciate the time today, and I urge all my colleagues to vote ``yes.''
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