OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Ex-Im Bank Reauthorization

Floor Speech

Date: Nov. 3, 2015
Location: Washington, DC
Issues: Business and Consumers Trade

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Mr. Speaker, last week the House finally came to its senses and overwhelmingly passed the reauthorization of the Export-Import Bank. I am encouraged to see that it has been included in the long-term highway bill we will be considering this week.

We know the Ex-Im Bank helps American businesses gain access to critical markets overseas and is a vital piece of our export strategy. But thanks to the vocal minority, the Bank's charter expired for the first time in its history on July 1.

This doesn't just hurt the likes of Boeing or GE. It hurts small businesses, many of which are minority-and women-owned.

Last year nearly 90 percent of the Ex-Im transactions directly supported small businesses without costing taxpayers a penny. That is why I urge all 313 Members who voted for Ex-Im reauthorization to oppose any attempts in the highway bill that significantly weaken or eliminate the Bank.

Now is the time for supporters to stop standing on the sidelines and start standing up for American workers and exporters.

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