On the recordSeptember 17, 2014
Madam Speaker, as someone who was born and raised in south Florida, I know Miami thrives on investment exports and economic development provided by the Export-Import Bank facilities--the Ex-Im Bank. This organization will lose its authorization unless Congress acts. It is crucial to fueling a prosperous economy, not only in south Florida but the entire country. In 2013 alone, the Ex-Im Bank supported an estimated $37.4 billion of U.S. exports and helped sustain more than 200,000 jobs. This is key. In my own district, 300 million exports since 2007. As a percentage of the GDP, China and India provided roughly three times as much financing as we did. We need to reauthorize the Ex-Im Bank to create jobs and keep our exporters in competitive foreign markets. I urge my colleagues to join me in working to reauthorize the Ex-Im Bank. This is an issue too important in the economy for partisan politics. ____________________
