On the recordOctober 27, 2015
I have to speak fast. The Export-Import Bank is good for America, and the arguments against it, in my opinion, are un-American. This is the perfect Republican dream. It reduces the deficit. It adds to the Treasury. It creates jobs. It costs taxpayers nothing. It is unilateral disarmament to not recharge and reauthorize the Export- Import Bank. I support the legislation. Mr. Speaker, I rise today in support of reauthorizing the Export- Import Bank of the United States. In the darkest corner of the anti-empiricist wing of this Congress lies the plan to kill the Export-Import Bank. Opponents of the Bank do not care that it supports small businesses and creates jobs. Last year, nearly 90% of the Bank's loans benefited small businesses, and those loans supported more than 164,000 jobs. Opponents are loath to admit that it reduces the federal budget deficit. Ex-Im returned $675 million to the Treasury last year and more than $1 billion in each of the previous two years. Opponents disregard the Bank's support for American exports. Every other industrialized nation has an export-import bank, and this unilateral disarmament would cede American competitiveness. I ask that my colleagues reject this blind pursuit of ideological purity, and reauthorize the Export-Import Bank.





