On the recordJune 17, 2015
The clock is ticking on the global competitiveness of U.S. workers, and the GOP has yet--has yet--has yet to put to a vote the reauthorization of the Export-Import Bank. The Export-Import Bank levels the playing field globally for U.S. businesses to compete with subsidized foreign competitors. Our U.S. exporters and workers will pay the price if this majority, this Republican Congress fails to reauthorize the Bank. My Milwaukee exporters will pay the price if this Republican Congress fails to reauthorize the Bank. Yes, deals will still be made with the other 60 or so credit agencies around the world, but they will be done without U.S.-made goods and services. You know, it is so ironic that we have all kinds of deals being cut to get partnership trade agreements with these 12 different Pacific countries so we could export jobs to other places in the world. But there are no deals being made so that we can export U.S.-made goods and services to other parts of the world. That is probably why we have such a huge trade deficit. With the leadership of Ranking Member Waters, Representatives Heck of Washington, Hoyer, and I, we have introduced H.R. 1031, the Promoting U.S. Jobs Through Exports Act. It makes targeted and prudent reforms to the Bank that enhance its mission, including promoting additional small business participation, greater transparency, and improved governance. Defeat the previous question. Bring the Export-Import Bank deal to the floor.…
Source
govinfo.gov




