Marcy Kaptur: “Thank you so much, Congressman Tonko, for bringing us together and, as always, helping to be a vanguard for jobs in…”

“Thank you so much, Congressman Tonko, for bringing us together and, as always, helping to be a vanguard for jobs in America and the importance of reauthorizing the Export-Import Bank. Mr. Speaker, I rise today 3 months after my Republican colleagues in the majority have failed, failed, failed in their responsibility to guard our economy by not reauthorizing the Export-Import Bank. Since 2009 alone, the Ex-Im Bank has supported over 1.3 million jobs in our country. Yet today, it has been put into idle, in limbo, as Republicans let it wither on the vine. Reauthorizing the Bank means jobs--let me repeat, jobs--here in America. Because when exports increase to other countries, American companies hire more workers to meet the added global demand. Anyone serving in Congress who doesn't understand how important-- vital--the Export-Import Bank is to jobs in America and to financing those exports to other nations shouldn't be serving here. You can't live in a cave and hope to compete globally. Of special note, the Export-Import Bank pays for itself, contributing $675 million alone in 2014 and nearly $7 billion over the last 20 years to the U.S. Treasury. It is well-managed and has an extremely low default rate. Yet today, at a time when America needs more jobs to keep growing, the Republican majority has shifted the country again into idle.…”