On the recordJune 3, 2015
this is a story and a movie we see all too frequently in this Chamber and in the Congress--manufactured crisis after manufactured crisis after manufactured crisis. Here we are a few short days away from actually seeing the charter of the Export-Import Bank expire. Think about that--a 70-year institution, a critical piece of trade infrastructure. We spent the better part of the last work period talking about trade promotion authority, and for very many of us this was a very difficult vote. It was a conflicting vote. At the end of the day, the one argument that sells the day is that 95 percent of all consumers in the world live outside the United States. If we are not participating in trade, if we are not working to make sure our exports are competitive, if we are not making a difference for American manufacturers, we are going to lose the competition for the customer. We are going to lose the opportunity to grow our manufacturing base. So the Export-Import Bank--not a lot of people know what it is, but the people who do and the businesses that do know this is a critical piece of trade infrastructure. The irony perhaps of this whole issue is there is no one--there is no group outside of conservative think tanks that does not agree the Export-Import Bank needs to be reauthorized. We have the U.S. Chamber of Commerce begging us in the Banking Committee to reauthorize the Export-Import Bank.…
Source
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