Maloney on Ex-Im expiration: “Foreign competition is fierce and we should not be unilaterally disarming. The world’s largest exporters – including China and South Korea – all have export credit agencies helping their small businesses claim a larger share of the world market."

The recent events in Baltimore are all too familiar to those of us who lived through the late 1960s, when riots broke out in major U.S. cities. President Lyndon Johnson appointed the Kerner Commission in 1967 to investigate the conditions that led to those events. When the commission's report was released in the next year it concluded that "our nation is moving toward two societies, one black, one white — separate and unequal."

Members of the Congressional Black Caucus (CBC) and the Joint Economic Committee (JEC) heard from academics, Baltimore clergy and community leaders Tuesday at a forum to discuss the vast disparities in economic conditions for African Americans and whites.

Ranking Member Maloney Wednesday argued that proposals to move to so-called “fair value” accounting for federal credit programs - such as student loans, veterans’ home loans and the Export-Import Bank - would distort the budget process, undercut loan programs and, deprive millions of Americans the affordable loans they need to get an education, buy a home or operate a small business.

“In my mind, there is nothing fair about ‘fair value’ accounting,” Maloney said at a JEC hearing to examine the value of an accounting method many Republicans would like to see implemented.