Political Quotes

“I rise today to mark the 75th anniversary of the Export-Import Bank of the United States, this country's official export credit agency. Its mandate is to create and support jobs here in the United States by financing U.S. exports that might otherwise be lost because private sector financing is unavailable or to meet the competition of foreign governments' export credit agencies that are supporting their exporters to secure the deal. Obviously, the work of Ex-Im Bank is especially relevant in difficult economic times such as we are currently experiencing, because U.S. exports equal U.S. jobs. The Export-Import Bank falls under the jurisdiction of the Senate Banking, Housing, and Urban Affairs Committee, and I am aware of the many positive effects it has had for U.S. manufacturers. In the past 5 years, it has helped at least 75 companies in 43 communities in Connecticut finance over $700 million in exports. These export sales create and sustain high-paying manufacturing and other jobs related to exports. Ex-Im Bank is also accustomed to stepping in when times are hard. It was founded on February 12, 1934, in order to help facilitate exports during the Great Depression. Since then, it has supported over $400 billion in U.S. exports that would not have gone forward without it-- exports that support U.S. jobs.”