mr. hochberg. you said you had complied with all the requests that congress had made at the last reauthorization. and you referred to mr. anderson in that all these things had been complied with, although there were people who were at that table evidently when these things were being looked at that says they were not complied with. why do you think there is a difference there? >> certainly. we complied with every requirement, every reform that congress put in. we did, as i mentioned, an economic impact analysis particularly in the aircraft field. >> how many of those did you do in the aircraft field? >> we do one a year. we do a survey -- well, we do a survey to determine is there a glut in the aircraft field, which is the criteria that's been deployed by the bank for 20, 30 years in looking at economic impact. if there is an oversupply, then any additional capacity would have an impact. if there's an undersupply -- >> okay. so how many of those -- how many of those impact analyses have you done on

mr. hochberg. you said you had complied with all the requests that congress had made at the last reauthorization. and you referred to mr. anderson in that all these things had been complied with, although there were people who were at that table evidently when these things were being looked at that says they were not complied with. why do you think there is a difference there? >> certainly. we complied with every requirement, every reform that congress put in. we did, as i mentioned, an economic impact analysis particularly in the aircraft field. >> how many of those did you do in the aircraft field? >> we do one a year. we do a survey -- well, we do a survey to determine is there a glut in the aircraft field, which is the criteria that's been deployed by the bank for 20, 30 years in looking at economic impact. if there is an oversupply, then any additional capacity would have an impact. if there's an undersupply -- >> okay. so how many of those -- how many of those impact analyses have you done on

mr. hochberg was interviewed by the chronicle and gave his commentary. the chronicle goes on to indicate, large other small, export/import bank loans support american jobs, including jobs in the houston area. bank officials told the chronicle that its financing has supported $11 billion in export sales from the area since 2009. with 3.5 billion of that attributable to small businesses. the bank also cost taxpayers nothing. it supports itself through the fees and interest it charges and regularly sends money to the u.s. treasury to reduce the debt. this is from "the houston chronicle." i concur with the ranks member with reference to there being persons of note who are not here to testify today. and if they were here to testify i believe they would say, some of them, what the greater houston partnership says. the greater houston partnership indicates, and this is an excerpt, small and medium-sized businesses in our region also benefit directly from export/import. small businesses account for nearly 85% of xm banks transactions. further, these transactions

mr. hochberg met with my office. later when he testifies i'm going to show you my letter to him and his response which was a nonresponse. we've always got that. members also expressed to me great concern on the australian loan. but there were members on both sides. i wrote chairman hochberg about that on behalf of several members on august the 2nd. we then inquired about the status of our letter. and we were told they were going to respond. december the 20th, i woke up to read in "the wall street journal" that the loan had been approved. after my august letter. no response. finally, on february the 19th, my office two months after the loan was approved and announced, an iron ore industry, the miners, all sorts of groups expressing concern, he wrote me back and said we approved it. in my letter i asked them to get with us and we wanted -- there was no detailed analysis of the financing request and how it would affect u.s. jobs. and i asked him to share that information with me. even -- i know mr. hochberg is here, i l

mr. chairman. hochberg, i appreciate you coming to my office and talking to me about a month ago, and i think you know what my are with concerns reauthorization of xm bank. abouts been a lot of talk jobs, and i'd like the talk a particularobs in jobs be situation in kentucky. the obama administration's climate policyings, carbon tim pack that those policies have had on jobs particularly in eastern you mayt, and as december 3, i sent you aler expressing my concerns supplement am high intensity projects, guidelines that your thatadopted that would, explicitly provides that your bank will not provide support high carbonfor intensity plants and you define your agency, your bank, defines a high carbon and texting than as any plant that uses cole as the source of heat.llers of power or my own state of kitchen is the third plarnlest cole producing the country. we've lost over 7 now coal jobs over then kentucky last two years as a result, direct result of the regulatory of this administration. we're talking about j

mr. hochberg met with my office. later when he testifies i'm going to show you my letter to him and his response which was a nonresponse. we've always got that. members also expressed to me great concern on the australian loan. but there were members on both sides. i wrote chairman hochberg about that on behalf of several members on august the 2nd. we then inquired about the status of our letter. and we were told they were going to respond. december the 20th, i woke up to read in "the wall street journal" that the loan had been approved. after my august letter. no response. finally, on february the 19th, my office two months after the loan was approved and announced, an iron ore industry, the miners, all sorts of groups expressing concern, he wrote me back and said we approved it. in my letter i asked them to get with us and we wanted -- there was no detailed analysis of the financing request and how it would affect u.s. jobs. and i asked him to share that information with me. even -- i know mr. hochberg is here, i l

mr. hochberg who knows a lot more than i do. >> thank you congressman. first i want to thank mr. wilburn and captain moak for their service. it's deeply appreciated. mr. wilburn, i'm interested, as a small business person out there trying to build something for his family and his employees, kind of one day at a time. one contract at a time. whether or not you would be surprised that the company to your right which has claimed such material damage, and is represented by its own spokespeople is now the most profitable airline in the united states. and arguably the world, indeed, made $2.7 billion in profits last year. which i'm grateful for. i think that's a good thing. i'm really glad. i'm not asking the question of you, mr. anderson. would it surprise you that the company has paid no federal income taxes for the last six years and is projected not for the next three years? >> are you talking -- >> mr. chairman, it's my time. not mr. anderson's? would it surprise you, mr. wilburn? >> i don't know if i'm surprised. i can't characterize it as surprise. it's new information to me. i

mr. chairman. chairman hochberg good to see you. thank you for your stead past promotion of american jobs and american manufacturing in our country. as a small business owner, i understand that one of the most important things those small businesses need is access to capitol and financing. last year alone ex-port and impart bank financing supported over 200,000 jobs 90% supported small unilaterally disarms the export financing world and allows xm to lapse, what kind of economic impact could it have on american manufacturing, on our job creators, our exporters, selling goods that are stamped proudly made in america all around the world? so many of which have relied on this export, import bank? >> well on the first panel there was specific testimony about how the threat of it not being here in september has already impacted the awarding of a 57 h million contract that would support a lot of jobs. the smaller transaction of $48 million supported 165 jobs. it would obviously be more. it's an even larger transaction. we heard small busin