Maxwell Frost: “I am pleased this conference report is on the floor today. It has strong bipartisan support, and I expect that it will…”

“I am pleased this conference report is on the floor today. It has strong bipartisan support, and I expect that it will pass overwhelmingly. Since 1934, the Export-Import Bank has played a vital role in creating and sustaining millions of high-paying American jobs by supporting more than $400 billion in U.S. exports. As American business and jobs have become more dependent on trade over the years, the importance of the Ex-Im Bank has only increased. In today's world of global trade, the Export-Import Bank serves as an indispensable lender of last resort, filling financial gaps that would otherwise hurt many American businesses and their employees. Perhaps most importantly, the bank levels the playing field for many U.S. companies, allowing them to compete with foreign companies that have significant support from their own governments. But Ex-Im Bank financing does more than support jobs at exporting companies. It helps sustain and create jobs at tens of thousands of U.S. suppliers around the country who participate indirectly in Export-Import Bank-financed exports.”