OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Export-Import Bank Reform and Reauthorization Act of 2015

Floor Speech

Date: Oct. 27, 2015
Location: Washington, DC
Issues: Economy and Fiscal

BREAK IN TRANSCRIPT

Mr. THOMPSON of Pennsylvania. Mr. Speaker, I rise in support of H.R. 597, the renewal of the United States Export-Import, or Ex-Im, Bank.

In Pennsylvania, the Ex-Im Bank is essential to the economic health throughout Pennsylvania's Fifth District, supporting 11,000 jobs. The Bank supports 40,000 jobs across the commonwealth in nearly 300 companies, adding $7 billion to Pennsylvania's economy since 2007.

Exporters in my district range from powdered metal companies to technology firms and to those involved in the manufacture of rubber and plastic products. All of these businesses provide jobs which sustain our local communities. Since 2007, exports from the Fifth Congressional District in Pennsylvania have amounted to more than $1.3 billion, supporting thousands of jobs in rural Pennsylvania.

Mr. Speaker, the Ex-Im Bank is not a burden on the taxpayers. In fact, in 2013, The Bank covered its own expenses before directing more than a billion dollars into the U.S. Treasury.

Now, I was proud to join a bipartisan group of my colleagues to bring renewal of The Bank to the floor today and to cast a vote in favor of the bill's passage.

BREAK IN TRANSCRIPT


Source
arrow_upward