On the recordJune 3, 2015
I have come to the floor this evening to join my colleague Senator Heitkamp from North Dakota and to follow Senator Cantwell from Washington, who spoke earlier this afternoon to talk about the importance of taking action to reauthorize the Export- Import Bank before that Bank expires at the end of this month. At the end of June, the charter for the Export-Import Bank will expire, and that means billions of dollars of lending by the Bank to support American manufacturing and exports will come to a halt. I am sad to say that what we face right now is a completely unnecessary crisis. There is bipartisan support in both the House and the Senate for the Export-Import Bank, but we have just days until the charter expires. We need to begin now the process of reauthorizing this critical job-creating program. I know there may be some different ideas in this Chamber about what the reauthorization of the Export-Import Bank should look like. I have introduced a bill that would reauthorize the bank for 7 years instead of 4, which has been one of the proposals. My bill would raise the cap on the lending for the Export-Import Bank instead of keeping it flat, and I know there are other discussions around language that addresses the financing of coal-fired powerplants abroad.…
Source
govinfo.gov




