On the recordJune 24, 2015
I thank the gentleman. I rise today to express my support for the reauthorization of the Export-Import Bank. The Ex-Im Bank is an independent, self-sustaining executive branch agency with one mission, to foster American job growth by helping American companies with the tools they need to compete in the global marketplace. In short, the Ex-Im Bank provides the business community the certainty it needs to compete in overseas markets and grow jobs at home. Why am I so supportive of the Ex-Im Bank and its reauthorization? In my district alone, in the month of May, the Ex-Im Bank provided $3.8 million worth of Nebraska's export goods into the global marketplace, companies as large as Valmont Industries, one of the largest manufacturers of center pivot irrigation systems in the world, and companies as small as Volcanic Peppers, that in a small kitchen produced hot sauce that is exported to Australia. In fiscal year 2014, the Ex-Im Bank supported approximately $107 million in Nebraska exports, 49 percent of which went to Nebraska small businesses. Since 2007, the Bank has supported $230 million in exports from 52 Iowa companies and $550 million in exports from 39 Nebraska companies. This translates into American private sector jobs in every district of this country. In real terms, the Ex-Im Bank helps to level the playing field for both large and small businesses who export products abroad. Simply put, there is no rational reason, Mr.…
