moak. i think we can have some folks from both sides go to work to try to put some language into this xm extension that will address those concerns. so with that, captain moak and mr. anderson, let's narrow in specifically. i think what concerns you most is the competition with the wide body or the boeing 777. what can we do to put in some language that could address that? it could be a trigger mechanism. it could be an assessment, as ms. mccarthy said. mandating things are rather difficult. what could we do to address those concerns and move this forward? >> congressman scott, i want to first thank you. i don't know if you remember, but you stood by my side in front of 1,000 delta pilots on keep delta my delta, and your speech is still viewed in that light with when you stood up and said this is truly a david and goliath. when david was walking back and said, is there a cost, there is a cause. he turned around and went back. the cause here is xm bank reform. and i commit all our resources,

moak. i think we can have some folks from both sides go to work to try to put some language into this xm extension that will address those concerns. so with that, captain moak and mr. anderson, let's narrow in specifically. i think what concerns you most is the competition with the wide body or the boeing 777. what can we do to put in some language that could address that? it could be a trigger mechanism. it could be an assessment, as ms. mccarthy said. mandating things are rather difficult. what could we do to address those concerns and move this forward? >> congressman scott, i want to first thank you. i don't know if you remember, but you stood by my side in front of 1,000 delta pilots on keep delta my delta, and your speech is still viewed in that light with when you stood up and said this is truly a david and goliath. when david was walking back and said, is there a cost, there is a cause. he turned around and went back. the cause here is xm bank reform. and i commit all our resources,

before becoming an airline pilot captain moak served as a marine corps fighter pilot. last but not least, steven willburn is the chief executive offer of firm green, a newport beach based energy company that participates in injure chul vir aspects of the green energy business. before we proceed, mr. wilburn, we have one clerical matter to clean up with you. we received two different copies of your testimony. one 6:00 last night. in that testimony, in that verse, when describing why your commercial bank officer could not provide financing to a brazilian company, you said, quote, simply out of the question given the new t.a.r.p. regulations and the then new dodd/frank legislation. a couple hours later from the democratic staff, we received a new copy of your testimony that struck that language and included the reason, quote, reluctance of banks to support small business exports, unquote. to ensure for the record we have the correct copy of your written testimony, which did you intend? the one we received from you at 6:00, or the one we received from the democratic staff

before becoming an airline pilot captain moak served as a marine corps fighter pilot. last but not least, steven willburn is the chief executive offer of firm green, a newport beach based energy company that participates in injure chul vir aspects of the green energy business. before we proceed, mr. wilburn, we have one clerical matter to clean up with you. we received two different copies of your testimony. one 6:00 last night. in that testimony, in that verse, when describing why your commercial bank officer could not provide financing to a brazilian company, you said, quote, simply out of the question given the new t.a.r.p. regulations and the then new dodd/frank legislation. a couple hours later from the democratic staff, we received a new copy of your testimony that struck that language and included the reason, quote, reluctance of banks to support small business exports, unquote. to ensure for the record we have the correct copy of your written testimony, which did you intend? the one we received from you at 6:00, or the one we received from the democratic staff

. >> thank you captain moak. and mr. anderson i'll put something else out there for you okay comment on in response to my colleague's argument earlier in the hearing today, and i'll summarize his argument, since everybody else is doing it, we should too windy we've heard that in some form or fashion from a number of the -- my colleagues here today. is that the right attitude? because everybody else is doing it we should do it and how would you respond to that? >> in our specific instance, it's not everybody else. it's three countries. it's england, france and germany. three closest allies and trading partners. so in terms of aircraft financing with and everything else we do with those three countries, this is something that's immediately solvable with respect to financing. on the broader question, i think the really broader question is -- i don't think we're very good at negotiating trade agreements in our country. and while we all support i think on both sides of the aisle the free trade, what ends up happening is we al

anderson and captain moak, thank you for your comments and concerns. i appreciate the fact that you have brought issues to light with regard to the aircraft manufacturing sales or financing portion of this, the bank. i think those need to be addressed, but i congratulation mr. wilburn and thank you for your testimony from the testimony this is we have several things to discuss, and that is the small business portion of this as well. in 2013, aircraft manufacturing made up only 40% of xm's financ and 40% went to other manufacturing and 20% went to oil, gas, space services and mining so it has a lot of other financing interests that it takes care of and works with. i think that the statements have been made many times this afternoon and morning, about 3400 of the 3800 loans it made were to small businesses. and so i think at the end of the day it's something we need to consider howing with find a way to reform it. make it work for everybody. i get this crony capitalism comment and it sticks in my craw a little bit from the standpoint is that cross-examin

captain moak, you want to make a comment. >> only thing i would add, going back to 2008 with the collapse. the u.s. congress over a few days in 2008 was able to deal with that and come out with legislation. i'm confident this body can address reform in less than 90 days on this issue. >> mr. chairman, if i can make a comment. we're focusing on something here that is a symptom with regulatory environment we live in and trying to reauthorize a bank that isn't part of the solution. we should be focusing on the environment we have. >> the time of the gentlemen has expired. no others in the queue. we thank you for your testimony. we would excuse the first panel at this time. we would invite the members of the second panel to please make their way to the witness table. >>> committee will come to order. we'll now turn to our second panel of witnesses, many of whom are familiar faces to this committee, so my introductions will be brief. if staff can be instructed to shut the hearing room doors. honorable fred hockberg serves as chairman of the export-import bank, a position since 2009. the honora