U.S. Senators Maria Cantwell and Tammy Baldwin Tour Prolitec, Inc. in Milwaukee

Press Release

WI - U.S. Senators Tammy Baldwin (D-WI) and Maria Cantwell (D-WA) toured Prolitec, Inc. in Milwaukee on Monday, June 15, 2015. The innovative Wisconsin small business has created jobs and economic growth with the support of Export-Import Bank investments.

Unless Congress takes action, the Export-Import Bank is set to expire on June 30, which will stop its investments in the thousands of U.S. exporters that benefit from this self-supported export credit agency that U.S. exporters across the country depend on to access the 95% of customers that are outside the United States. The Export-Import Bank is not only a vital export tool for small businesses, but an important tool for deficit reduction that returned $675 million to the U.S. Treasury last year. Senator Baldwin has joined Senator Cantwell, who has led the fight in the Senate for a long-term reauthorization of the Export-Import Bank, in calling for Congressional action before funding expires at the end of the month.

"When American businesses have a level playing field, they can compete against anyone. The Export-Import Bank is an important tool that helps us create that level playing field, bringing fairness to global trade and supporting American businesses so they can create jobs and grow," said Senator Baldwin. "Prolitec is a great example of a Made in Wisconsin businesses here in Milwaukee, that has exported goods across the world with help from the Bank. Reauthorizing the Export-Import Bank is a commonsense way to strengthen our Wisconsin economy and ensure American competiveness."

"Small businesses across our country are relying on Congress to reauthorize Ex-Im Bank before its charter expires on June 30," Cantwell said. "Congress must act and not let this important credit agency expire. American small business jobs in Washington, Wisconsin and indeed every state, depend on Ex-Im Bank."

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