On the recordJune 10, 2015
very briefly. Senators Ayotte and Kirk's amendment is coming up. There will be a motion to table. What we are trying to do is basically show support for the Ex-Im Bank, which is due to expire in June. We are trying to find a vehicle, a must-pass piece of legislation, to keep the Bank afloat. I think it is very important to the American economy that American manufacturers not be disadvantaged. The Ex-Im Bank makes money for the American taxpayer. China's Ex-Im Bank is larger than France, Germany, the United States, and England's combined. What does this mean to the average person? When a product is made in the United States and sold into the developing world without the Ex-Im financing mechanism available to American manufacturers, we are going to lose market share to other countries like China, France, Germany that produce wide-body jets and other products. Eighty-nine percent of the people who get help from the Ex-Im Bank are small businesses. This is an attempt to show the investor community and those who are watching this issue that the Senate is in support of the Bank. So I am urging a ``no'' vote on tabling. We had to do this procedurally. So this will be a signal to the markets that the Senate is in support of the Bank. I urge everyone who believes the Bank is vital to American exports and not against unilateral surrendering of market share to the Chinese and other competitors to vote no.…





