I acknowledge your assistance and friendship, and I commend your nerve of conviction to speak the truth to power even when it is tough. These nations that picked veterans timeshare to avoid ballot or voted versus the resolution at the OAS concerning the circumstance in Venezuela, I want you to understand that your decision only furthers injustice and tyranny in the Americas.
It is my.
hope that you will reconsider how your vote on these kind of issues in the future. Eventually, we all have a duty to actively secure liberty in the Americas, but that can only need extremely hard options. Mr. Sires. Thank you, Mr. Chairman, for interacting on this hearing, and I want to thank the witnesses for being here today. Thank you very much. The Caribbean is often referred to as America's 3rd border and I concur with this description. With almost 45 million people including 16 independent nations and 14 financing timeshares overseas territories, the Caribbean is a varied region that consists of a few of the hemisphere's wealthiest.
and poorest countries. It is a region of excellent financial and cultural, political and security ties to the United States. The U.S.-Caribbean relationship is characterized by substantial financial linkages, considerable security cooperation, and continued U.S. Over the previous 3 years, the administration has put forth a new effort supporting energy diversity and tidy, sustainable energy projects to enhance the area's energy security and to help it move away from its reliance on oil from Venezuela. Venezuela, which has long subsidized energy costs to many Latin American and Caribbean nations, should turn inward to save itself from economic and political collapse. In the middle of these uncomfortable times we must work.
with our Caribbean partners to diversify energy sources, reinforce their economies, and construct upon a shared security interest. On the legislative front, last month your house approved H (How to finance a private car sale).R. What does nav stand for in finance. This act is designed to increase engagement with the Caribbean that requires the Secretary of State to send a multiyear strategy to Congress for U.S. engagement with the Caribbean areas and update on its U.S. diplomatic effort to engage the eastern Caribbean nations. As a worldwide power, the United States faces obstacles and dangers from every corner of the world. Nevertheless, it is important that we remain participated in the Western Hemisphere and not forget our interests so near to home. I eagerly anticipate speaking with our witnesses on how the U.S. efforts in the Caribbean can enhance and how America can continue to strengthen its partnership with our Caribbean next-door neighbors. Mr. Duncan. I will thank the ranking member, and I will just say I don't understand how numerous other members we are going to have today. We have adjourned for the August recess break and we wanted to continue. Understanding that we were going to adjourn, we were prepared to continue with this hearing because that is how crucial it is to the ranking member and myself, so do not believe due to the fact that no other members reveal up that it isn't an important issue to the committee and to the subcommittee. And I eagerly anticipate speaking with the witnesses who are effectively known to the.
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committee so their bios are offered to us, and I will acknowledge Eric Farnsworth for 5 minutes. ERIC FARNSWORTH, VICE PRESIDENT, COUNCIL OF THE AMERICAS AND AMERICAS SOCIETY Mr. Farnsworth. Well, Mr. Chairman, thank you quite for continuing with the hearing on such a vital subject. Thank you for your leadership overall on these issues in addition to the Caribbean particularly, and Mr. Ranking Member, you also. It is really crucial to have a bipartisan voice on these concerns and we keep in mind that. We take fulfillment in that and thank you for that management, and we ask that that would continue in some method given the value of the issues at hand. The United States does have tactical problems.
in the Caribbean Basin and we don't frequently discuss it because way, but in my view they are strategic, from support for democratic institutions-- some of which are rather delicate; some of which are strong and long-lasting-- we have security interests including drug trafficking, counterterrorism, the battle versus financial criminal offenses, certainly migration and humanitarian concerns, energy, the environment, economic development; it is a really vast array of problems to which the United States has interest. Mr. Sires. Thank you. Mr. Chairman. Mr. Duncan. The Chair will now go to Mr. Yoho from Florida. Mr. Yoho. Mr. Chairman, I appreciate you putting this together, and I desire to thank you for putting the pivot on our neighbors in the Caribbean. As you have specified and that we have seen, and it is not just this administration, it is most likely over the last 20 or thirty years where we have taken our eye off the ball in the Caribbean. When we have nation states that close to us with like cultures, you understand, we value the very same things, our household worths, things like that, that near us, and we take the eye off of that we start losing our competitiveness and we have actually seen that.
And it is so essential down in that location and we want individuals, you understand, number one how to cancel your timeshare is to be secure in that area. And with the disputes going on on the planet we do not want them to attack because area and regrettably, we are starting to see that. And I believe one of the most significant things is President Maduro, after Chavez, seeing what is going on in Venezuela. And we have seen in the past, when you have self-appointed totalitarians that pertain to power and when they fall there is a vacuum filled. We have actually seen that around the world.