House Members Vote to Reauthorize Ex-Im Bank
WASHINGTON – On Tuesday, the House of Representatives voted to reauthorize the Export-Import Bank (“Ex-Im Bank”) of the United States. The vote comes four months after the Ex-Im Bank’s charter expired on June 30. The failure to reauthorize the Ex-Im Bank has resulted in lost business and job losses for American employers and the national economy. Today’s vote came as a result of a discharge petition signed by 218 Members of the U.S. House of Representatives to require the full House to consider legislation to reauthorize the Ex-Im Bank through 2019. Rep. Green signed the discharge petition earlier this month and voted in support of today’s legislation.
“Across the country, big and small businesses rely on backing from Ex-Im to keep their companies running,” Green said. “Texas is the largest beneficiary, with over 1,500 Texas-based companies last year receiving a loan guarantee, insurance policy, or loan to export products and services overseas. Ex-Im supports international commerce and domestic jobs at zero cost to American taxpayers.”
Since 2009, Ex-Im programs have supported about $217 billion in U.S. exports and 1.3 million private-sector jobs. Last fiscal year alone, Ex-Im supported an estimated $27.5 billion in exports and 164,000 jobs.
“We can’t afford to continue to let politics jeopardize American companies and jobs. Ex-Im has been reauthorized for decades without controversy because support is so widespread among stakeholders.”