On the recordNovember 14, 2019
I am offering my bill, the Increasing American Jobs and Exports Act, as an amendment to H.R. 4863. Mr. Chairman, my amendment is simple. It will allow the Export-Import Bank to use up to 3 percent of its surplus profits per year for 5 years to open new regional offices. These additional offices will grow small businesses by assisting with their capital needs to increase their exporting capacity and job growth ability. This bill will grow American jobs, increase exports of American goods, and strengthen our local and regional economies around the country. The Export-Import Bank is important for our Nation. Over the last 10 years, it has supported more than 1.5 million jobs at absolutely no cost to the American taxpayer. The Bank has helped grow American jobs at no cost. It has even returned more than $3.4 billion to the United States Treasury. The Export-Import Bank helps grow American jobs, grow small businesses, and grow our economy. Trade and exports are important to my district and, specifically, to the Coachella Valley in the Inland Empire. The Inland Empire is one of the fastest growing economic regions in the United States and is a hub for international trade. The Riverside-San Bernardino region is 38th nationally in total export value and sixth in California in total export value. Let me remind everybody, California has the fifth-largest economy in the world.…





