On the recordJune 22, 2015
over the past several years there has been a disturbing practice that has become commonplace in the Congress, and sadly it is with no regard for the average American. The Republicans have resolved to govern by staggering from one ludicrous crisis to another crisis--one today, one next week. Unless the Republican leader acts, in just 5 days, for example, we will see the consequences of another manufactured crisis. On June 30, the charter for the Export- Import Bank is set to expire. This is serious business. This institution creates jobs by providing loans and loan guarantees to foreign customers who purchase American exports. This year alone, the Ex-Im Bank supports 165,000 American jobs--165,000 jobs that allow American workers to earn a living. These jobs cost taxpayers zero-- nothing. In fact, this Bank saves the American taxpayers money. In the last 10 years, the Bank has returned more than $7 billion to the U.S. Treasury. With the threat of this Bank closing--other countries have similar institutions, such as China. People are going to China and other countries to get their loan guarantees and buy products--not from America but from countries where those banks will take care of their loans. This is so sad. Despite the positive benefits the Bank provides for our economy and thousands of Americans, Republicans have decided that reauthorization is not a priority. The Republican leader has openly opposed reauthorization of this important Bank.…





